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19 - Financial Supervision and AI

from Part III - Corporate and Commercial Law

Published online by Cambridge University Press:  21 March 2024

By
Gérard Hertig
Edited by
Ernest Lim  and
Phillip Morgan
Ernest Lim
Affiliation:
National University of Singapore
Phillip Morgan
Affiliation:
University of York
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Summary

Financial supervisors have begun to use AI to prevent financial distress, detect fraud and, more generally, for investor protection purposes. Similarly, private parties increasingly rely on AI to decide small claims and arbitration cases. In view of this evolution, this chapter deals with the current use of AI in the financial sector, regulation of and by AI, and, most importantly, AI-driven financial supervision.

Keywords

Financial supervisionmachine learning
Type
Chapter
Information
The Cambridge Handbook of Private Law and Artificial Intelligence , pp. 431 - 451
Publisher: Cambridge University Press
Print publication year: 2024

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