Prepare to supervise AI, BdF’s Beau tells financial authorities
Technology can enhance revenues but list of related threats remains long, says deputy governor
The authorities must prepare to supervise the use of artificial intelligence (AI) by the financial sector, the deputy governor of France’s central bank said on November 8.
Speaking in Singapore, Denis Beau said the authorities could use the new technology to improve efficiency and develop new capabilities. He added that the Banque de France (BdF) and France’s Autorité de contrôle prudentiel et de résolution (ACPR) were showing leadership by approaching AI in a “reasoned and controlled manner”.
The
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