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US regulation of artificial intelligence use in financial services being explored by Fed

( January 12, 2021, 17:58 GMT | Official Statement) -- MLex Summary: The US Federal Reserve and other banking agencies may issue a request for information on the risk management of artificial intelligence applications in financial services, Fed Governor Lael Brainard said. “We must understand the potential benefits and risks, and make clear our expectations for how the risks can be managed effectively by banks,” she said in a speech at an academic symposium.See document below. ...

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