TY - JOUR
T1 - Artificial Intelligence Regulation in Financial Services: Mapping Principles, Priorities, and Compliance Requirements
AU - Ethan Wright
AU - Chloe Bennett
AU - Jack Turner
AU - Olivia Harris
JF - Journal of Trustworthy and Explainable Intelligent Systems
JO - J Trustworthy Explain Intell Syst
Y1 - 2024
VL - 3
IS - 1
SP - 43
N2 - The growing demand for automation within the financial sector creates an ideal environment for utilizing artificial intelligence. However, stringent and intricate regulatory mandates alongside rapid technical progress present substantial hurdles for the creation and deployment of AI-driven financial services. To foster comprehension, safeguard consumers, and maintain service quality in this sector, the regulatory guidelines established by European authorities must be organized into highly detailed components. This categorization will offer deeper insights into regulatory priorities and provide a structured approach to engineering AI-driven solutions. This study introduces a classification framework based on a taxonomy designed to demystify current European regulatory tenets for academics, supervisory bodies, and financial enterprises. By highlighting the core thematic focal points of these regulations, our research aims to facilitate the engineering of compliant AI services.
UR - https://tipublications.com/q557615128
ER -