Part of the Ghosts in the Machine b:INFORM SeriesArtificial Intelligence – Legal RiskIn this article forming part of our b:INFORM Ghosts in the Machine Series, we analyse the survey findings relating to legal risks arising from the use of Artificial Intelligence (“AI”) in financial markets and institutions. Click here for our article analysing the survey findings relating to regulatory risks arising from the use of AI. And you are welcome to visit our Ghosts in the Machine…
Part of the b:INFORM 2015/2016 Cloud Survey Trend SeriesMany banking regulators consider cloud computing to be a form of outsourcing. For supervised financial institutions, use of external cloud computing for material business functions is a regulated activity. Previously issued guidance by financial regulators on outsourcing and offshoring is likely to apply to cloud services, in addition to specific cloud related statements.Board Level Attention RequiredThe FFIEC in the US, the FCA in the UK, and APRA…