Artificial intelligence and financial stability. Jon Danielsson.

Artificial intelligence and financial stability

October 27, 2023
The use of artificial intelligence in the private sector is accelerating, and the financial authorities have no choice but to follow if they are to remain effective. Even when preferring prudence, their use of AI will probably grow by stealth. This column argues that although AI will bring considerable benefits, it also raises new challenges and can even destabilise the financial system.

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Models and risk
Bloggs and appendices on artificial intelligence, financial crises, systemic risk, financial risk, models, regulations, financial policy, cryptocurrencies and related topics
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