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Banking & Financial Services

13 April 2021
Mark Chorazak Getting smart: financial regulators seek input on AI

USA - Shearman & Sterling LLP

Various federal agencies recently issued a request for information (RFI) which seeks insight into the financial industry's use of AI in the provision of financial services to customers and appropriate AI governance, risk management and controls. The RFI reflects the federal agencies' increasing interest in AI, particularly regarding the risks that it poses to consumers and the safety and soundness of financial institutions.

Authors: Mark Chorazak, Reena Agrawal Sahni, Timothy J Byrne, Le-el Sinai
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