Global Regulators Lag Financial Firms in AI Adoption, Report Finds
A report by the Cambridge Centre for Alternative Finance reveals that global regulators are significantly behind financial institutions in AI adoption, raising concerns about their ability to oversee AI risks. The study highlights that only 24% of regulators collect data on AI adoption, while financial firms are adopting AI at more than twice the rate of regulators. The report warns that this gap could undermine efforts to manage AI-related risks in the financial sector.
Topics: AI in finance Anthropic financial institutions Mythos AI regulatory oversight