IOSCO: Consults on AI/ML guidance for market intermediaries
- The Board of the International Organization of Securities Commissions requesting feedback on proposed guidance to help its members regulate
- Supervise the use of Artificial Intelligence (AI) and Machine Learning (ML) by market intermediaries and asset managers
- The use of these technologies may benefit firms and investors, such as by increasing execution speed
- Consequently, regulators are focusing increasingly on the use and control of AI and ML in financial markets to mitigate the potential risks
- In 2019, the IOSCO Board identified AI and ML as an important priority
- The consultation report on The use of artificial intelligence and machine learning by market intermediaries
