AI’s Growth Leaves Financial Regulators Struggling to Catch Up

Financial regulators are finding it challenging to keep pace with the rapid growth of artificial intelligence, as highlighted by global financial watchdogs. They expressed concerns that they are still in the early stages of understanding the risks AI poses to the financial system. This situation is critical because as AI technology advances, the potential for unforeseen consequences increases, making it essential for regulators to catch up and ensure the stability of the financial landscape.