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Securities Regulation Daily Wrap Up, VITAL BRIEFING—CFTC keeps a wary eye on AI in financial markets, (May 20, 2024)

By Lene Powell, J.D.

The CFTC is gathering extensive input on the use of AI in financial markets, and in contrast to the SEC and CFPB, so far has held off on proposing AI-related rules or guidance.

While artificial intelligence offers dazzling new capabilities for financi ...

By Lene Powell, J.D.

The CFTC is gathering extensive input on the use of AI in financial markets, and in contrast to the SEC and CFPB, so far has held off on proposing AI-related rules or guidance.

While artificial intelligence offers dazzling new capabilities for financial market participants, AI also raises concerns about opaque “black box” technology and potential market volatility, fraud, and manipulation.

In a new Vital Briefing, Wolters Kluwer Senior Legal Analyst Lene Powell details CFTC actions to build an AI governance framework as it looks to address risks while avoiding heavy-handed regulation.

To read the full briefing, click: How the CFTC is overseeing AI risks.

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