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Items tagged with "AI"

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FRC research explores increase in AI in UK actuarial work

Continuing the theme,  the Financial Reporting Council (FRC) recently released a research report delving into the increased uptake of Artificial Intelligence (AI) and Machine Learning (ML) in the UK actuarial landscape.

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AI in Central Banking: Exploring Opportunities and Challenges

The European Central Bank (ECB) is starting to use artificial intelligence (AI) to enhance its operations. As AI continues to evolve, it offers interesting potential for a range of central banking tasks, including data analysis, risk management, banking supervision, and monetary policy analysis.

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AI: friend and foe?

It’s been said that artificial intelligence – AI – replaces the need for structured data, but we believe that idea could not be further from the truth. It is certainly possible to skip digital tagging and use AI to get answers out of unstructured data, but they are often not very good answers.

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Deep learning models in finance: trustworthiness and implications for regulation

Deep learning models, often the bedrock of machine learning and artificial intelligence, are playing an increasingly large role in financial analysis. These models, while powerful, lack transparency – often known as ‘black boxes’ due to the opacity of their algorithms.

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Modernising investor protection for the AI era

US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently addressed the 2023 NASAA Fall Annual Meeting, emphasising the role of innovation and technology in modernising investor protection.

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The value of structured, machine-readable data in training generative AI

In the era of artificial intelligence (AI), there is a growing interest in the use of AI models like ChatGPT to enhance financial reporting processes. However, it is crucial to recognise the importance of structured, machine-readable data in training AI models effectively.

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Future of financial regulation: FCA emphasises innovation and AI

At the recent Innovate Finance Global Summit, Jessica Rusu, Chief Data, Information, and Intelligence Officer of the UK’s Financial Conduct Authority (FCA), delivered a speech highlighting the importance of innovation, AI, and data-driven regulation in the future of finance.

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Brakes on a Rocketship?

With new generative AI systems and applications being released, announced or demonstrated daily, it is hardly surprising that this new breed of tools is also catching the eye of regulators and law makers around the world.

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Fireside Chat on Digital Reporting

This week saw FASB Chair Rich Jones sit down with XBRL International Chair Wes Bricker at a FASB Webinar on Digital Reporting. Diving into data quality, Inline XBRL assurance, and the impact of AI on both digital reporting and the accounting profession, this was a wide ranging discussion.

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The Lab looks at AI

The UK Financial Reporting Council’s Lab – designed as a workshop space for investors and companies to work together on solutions for reporting needs – has published its latest insight into emerging artificial intelligence in reporting.

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