IOSCO publishes guidelines for use of Artificial Intelligence and Machine Learning

The Board of the International Organization of Securities Commissions (IOSCO) published on 7 September, 2021 guidance to help its members regulate and supervise the use of Artificial Intelligence (AI) and Machine Learning (ML) by market intermediaries and asset managers.

The use of AI and ML … create or amplify risks, potentially undermining financial market efficiency and harming consumers and other market participants. – Source: IOSCO Media Release IOSCO/MR/23/2021 (https://www.iosco.org/news/pdf/IOSCONEWS616.pdf )