
The European Securities and Markets Authority (ESMA) emphasizes that banks and investment firms are accountable for decisions made by AI-based tools, with boards retaining ultimate responsibility. ESMA also highlights that EU securities law mandates acting in the best interest of clients when employing AI technology.
🚨BREAKING: The European Securities and Markets Authority issues a public statement on the use of AI in the context of investment services. Important quotes. "The firm’s management body should have an appropriate understanding of how AI technologies are applied and used within… https://t.co/gc3QjOwMeR
Check out the latest blog post on "EU watchdog's stance on banks using AI". Learn about the full responsibility banks must take when utilizing AI technology. Stay informed and read more here: https://t.co/UQnhw4idpY
EU watchdog says banks must take full responsibility when using AI https://t.co/HhqWLl1NY8 https://t.co/UpkdXIgsvb
