AI Governance

The Commodity Futures Trading Commission (CFTC) unveiled a comprehensive report aimed at regulating the integration of artificial intelligence (AI) in financial markets. The initiative, spearheaded by the CFTC's Technology Advisory Committee (TAC) and sponsored by Commissioner Christy Goldsmith Romero, marks a significant milestone in the agency's ongoing efforts to address the challenges and opportunities posed by AI evolution in financial systems.

The Commodity Futures Trading Commission (CFTC) is undertaking a multi-faceted effort to develop guidance and rules around artificial intelligence (AI) integration in the markets it oversees, according to an extensive statement today from Commissioner Kristin N. Johnson.

The Commodity Futures Trading Commission (CFTC) is doubling down on its data and artificial intelligence capabilities with the appointment of Dr. Ted Kaouk as the agency's first Chief Artificial Intelligence Officer.

The UK's Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi delivered a speech at the Digital Regulation Cooperation Forum (DRCF), outlining the FCA's priorities for regulating Big Tech firms operating in financial services.

In a concerted effort to address the challenges posed by the rapidly evolving digital economy, leaders from the Federal Trade Commission (FTC), the U.S. Department of Justice's Antitrust Division (DOJ), and the European Commission convened today for the fourth session of the EU-US Joint Technology Competition Policy Dialogue (TCPD). The high-level dialogue aimed at fostering collaboration in ensuring fair competition in the digital sphere and exchanging best practices to address emerging threats.

Today, the U.S. Department of the Treasury unveiled a comprehensive report aimed at navigating the burgeoning intersection of artificial intelligence (AI) and cybersecurity within the financial services sector. The release comes in response to Presidential Executive Order 14110, emphasizing the imperative of safe, secure, and trustworthy AI development and application.

The European Parliament has approved the Artificial Intelligence Act, marking a significant step toward regulating high-risk AI applications, protecting fundamental rights, and promoting innovation. The regulation, agreed upon in December 2023 after negotiations with member states, received overwhelming support from MEPs, with 523 votes in favor, 46 against, and 49 abstentions.