Will 2025 Be The Year Of Widespread Regulatory Automation?
Regulatory compliance is no longer just a cost of doing business—it’s the next frontier of competitive advantage. As financial institutions...
archiveallison lagosh
How Will The EU’s AI Act Impact The Financial Market?
The Artificial Intelligence Act officially came into force on 1 August 2024. The Act, one of the first of its kind, establishes a common regulatory and legal framework for AI within the European Union. How will it impact the financial sector? According to head of legal analysis at Corlytics, Susie Mackenzie regulating AI represents a challenge to regulators as they seek to balance encouraging innovation with managing its risks. She said, “The EU Act is an important milestone in the global regulatory framework as it is the first attempt to...