Banks Must Take Full Responsibility When Using AI, Says EU Watchdog

Banks Must Take Full Responsibility When Using AI

Banks, investment firms and financial institutions in the EU must champion boardroom responsibility and their legal obligations to protecting clients when using AI, according to the EU securities watchdog in its first statement on AI.  The European Securities and Markets Authority (ESMA) set out how BFSIs regulated within the bloc’s 27 countries should use AI…

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