Regulatory Alerts2024-09-27
Added · Updated
Generative Artificial Intelligence in the Financial Services Sector
The Hong Kong Monetary Authority issued this circular to provide guidance on the use of generative artificial intelligence within the financial services sector. It outlines regulatory expectations for authorized institutions regarding the governance, risk management, and responsible deployment of generative AI technologies. The document also references a dedicated sandbox initiative designed to facilitate the safe experimentation and adoption of these innovations.
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