LNB News 17/09/2024
Document Information
Issue Date: 17 September 2024
Published Date: 17 September 2024
Jurisdiction(s): England, UK and World
The International Capital Market Association (ICMA) responded to the European Commission's consultation on AI (artifical intelligence) in finance, emphasising human oversight, robust risk frameworks, and caution against premature AI-specific regulation. ICMA highlighted AI's interconnection with ESG and blockchain, as well as its benefits in efficiency and automation for capital markets. ICMA's aims to balance innovation with fairness in debt capital markets, noting that existing financial regulations already provide safeguards for responsible AI use.
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