Using AI for financial regulation

Artificial intelligence (AI) refers to an arrangement of systems that display intelligent behavior by analyzing their environment and taking actions to achieve specific goals. Technically, AI is the combination of individual machine learning (ML) algorithms to solve complex
problems.

Prof. Gerard Hertig will discuss the use of AI to supervise financial intermediaries and the resulting AI-driven ‘jurisprudence’. He will also cover working papers and supervisory reports published during the 2019 - 2021 period.

First, he will review papers devoted to four topics: Defining the AI World; Putting AI to Use; Regulating AI; AI Lawmaking and Enforcement. He will then review AI reports by international organizations and supervisory authorities in Asia, Europe and the US.

This webinar is part of a series on the Future of Banking and Finance and is organised by the Centre for Banking and Finance Law (CBFL) at the Faculty of Law at the National University of Singapore (NUS).

About the speaker

Prof. Gerard Hertig is the Module Leader of the Financial Systems Regulation and Networks module and Principal Investigator of the Interactions with New Technology and Financial Systems module at the Future Resilient Systems (FRS) programme. He is also a co-founder of the Center for Law & Economics at ETH Zurich.

Previously, he served as Professor of Law at ETH Zurich (1995 - 2018) and Professor of Administrative Law at the University of Geneva Law School, where he was Director of its Centre d'Etudes Juridiques Européennes (1987- 1995). His research focuses on banking, financial services, corporate governance and EU integration.