• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Global AI Risks: Challenges to Financial Stability Highlighted by FSB

user avatar

by Giorgi Kostiuk

8 months ago


The G20’s Financial Stability Board released a report raising concerns about the implications of artificial intelligence on global financial sector stability.

Acknowledging AI's Potential and Risks

In its latest report, the Board highlighted AI’s transformative potential, noting that while it could enhance operational efficiency and personalize financial products, significant risks remain that could undermine financial system stability, such as cybersecurity threats and data governance challenges.

Threats of Financial Fraud

A major concern raised in the report is the threat of AI-driven financial fraud. Generative AI technologies, like deepfakes, could be misused to manipulate markets and create fraudulent financial products.

Recommendations and Legislative Initiatives

To address these risks, the FSB recommends enhanced monitoring of AI in the financial sector and better data collection practices. It also emphasizes close collaboration with the private sector. A significant legislative initiative in the US aims to combat deepfakes by requiring mandatory watermarking of AI-generated content.

The Financial Stability Board underscores the need for a comprehensive review of regulatory frameworks to handle AI risks and strengthen supervisory capabilities.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.