1、 FSI Insights on policy implementation No 63 Regulating AI in the financial sector:recent developments and main challenges by Juan Carlos Crisanto,Cris Benson Leuterio,Jermy Prenio and Jeffery Yong December 2024 JEL classification:C60,G29,G38,O30 Keywords:artificial intelligence,machine learning,cor

2、porate governance,risk management,risk modelling FSI Insights are written by members of the Financial Stability Institute(FSI)of the Bank for International Settlements(BIS),often in collaboration with staff from supervisory agencies and central banks.The papers aim to contribute to international dis

3、cussions on a range of contemporary regulatory and supervisory policy issues and implementation challenges faced by financial sector authorities.The views expressed in them are solely those of the authors and do not necessarily reflect those of the BIS or the Basel-based committees.Authorised by the

4、 Chair of the FSI,Fernando Restoy.This publication is available on the BIS website(www.bis.org).To contact the BIS Global Media and Public Relations team,please email mediabis.org.You can sign up for email alerts at www.bis.org/emailalerts.htm.Bank for International Settlements 2024.All rights reser

5、ved.Brief excerpts may be reproduced or translated provided the source is stated.ISSN 2522-249X(online)ISBN 978-92-9259-822-8(online)Regulating AI in the financial sector:recent developments and main challenges iii Contents Executive summary.1 Section 1 Introduction.3 Section 2 Overview of AI use ca

6、ses in the financial sector.4 AI use cases:banks and insurers.5 Risks arising from banks and insurers AI use cases.9 Section 3 Overview of cross-sectoral AI-specific guidance.13 Transparency and explainability.16 Governance and accountability.17 Reliability/soundness.18 Fairness,ethics and safety.18