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7 - Regulating Artificial Intelligence in Finance

from Part II - Addressing the Challenges of Innovation in Finance

Published online by Cambridge University Press:  09 November 2023

Ross P. Buckley ,
Douglas W. Arner  and
Dirk A. Zetzsche
Ross P. Buckley
Affiliation:
University of New South Wales, Sydney
Douglas W. Arner
Affiliation:
The University of Hong Kong
Dirk A. Zetzsche
Affiliation:
Université du Luxembourg
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Summary

This chapter develops a framework for understanding and addressing the increasing role of artificial intelligence (‘AI’) in finance. It focuses on human responsibility as central to addressing the AI ‘black box’ problem — that is, the risk of undesirable results that are unrecognised or unanticipated due to people’s difficulties in understanding the internal workings of an AI or as a result of the AI’s independent operation outside human supervision or involvement.

Keywords

artificial intelligencehuman-in-the-loopsenior manager regime
Type
Chapter
Information
FinTech
Finance, Technology and Regulation
 , pp. 95 - 113
Publisher: Cambridge University Press
Print publication year: 2023

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