The European Union's Approach to Artificial Intelligence and the Challenge of Financial Systemic Risk

The European Union's Approach to Artificial Intelligence and the Challenge of Financial Systemic Risk

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The European Union's Approach to Artificial Intelligence and the Challenge of Financial Systemic Risk

This chapter examines the EU’s new ‘Proposal for a Regulation of the European Parliament and of the Council Laying Down Harmonised Rules on Artificial Intelligence’ (Proposed AI Act) with a view to determining the extent to which it is able to address the systemic risk created by AI FinTech.

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