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Intelligent financial system : how AI is transforming finance

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      <subfield code="a">Intelligent financial system</subfield>
      <subfield code="b">: how AI is transforming finance</subfield>
      <subfield code="c">by Iñaki Aldasoro... [et al.] for Monetary  Economic Department</subfield>
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      <subfield code="v">nº 1194</subfield>
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      <subfield code="a">This report analyses the opportunities and challenges arising from progressive generations of AI, focusing on four key functions of the financial system: financial intermediation, insurance, asset management and payments. It also explores the implications of advances in AI for financial stability, prudential policy and the risk of financial spillover effects from AI disruption in the real economy. Based on this analysis, it proposes a framework to proactively adapt regulation based on general principles for AI governance</subfield>
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