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ASIFMA Response To Taiwan FSC Draft Consultation On Core Principles And Relevant Promotion Policies For The Use Of Artificial In.pdf

23-08-31-asifma-response-to-taiwan-fsc-ai-core-principles-final-draft-clean-1.pdf
Preview of ASIFMA Response to Taiwan FSC Draft Consultation on Core Principles and Relevant Promotion Policies For The Use of Artificial In
🔗 Source: asifma.org
📊 Size: 659 KB
👤 Author: Lee, Edith
⬇️ Downloads: 38

Summary

ASIFMA responds to Taiwan FSC's draft consultation on core principles and promotion policies for AI in the financial industry, welcoming the opportunity to provide feedback. ASIFMA believes AI can drive financial inclusion, lower costs, and improve risk management when properly deployed. They recommend a balanced regulatory approach, outlining seven principles: public-private collaboration, risk-based approach, technology-agnostic regulation, leveraging existing frameworks, regional and international harmonization, cross-border data flow, and industry engagement. ASIFMA is supportive of the FSC's consultative approach and hopes for continued dialogue. They provide feedback on the consultation, suggesting that guidelines should account for existing laws and regulations, avoid duplicative requirements, and apply consistently across bank and non-bank financial institutions.

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ASIFMA responds to Taiwan FSC's draft consultation on core principles and promotion policies for AI in the financial industry, welcoming the opportunity to...

Technical Information

  • File Format: PDF
  • File Size: 659 KB
  • Pages: 13
  • Language: EN
  • Author: Lee, Edith
  • Total Downloads: 38
  • Last Updated: 1 month ago

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