The chair of the United States’ Securities and Exchange Commission (SEC), Gary Gensler, on Monday urged financial regulators toquickly find a way to manage potential risks posed by the concentration of power in artificial intelligence (AI) platforms to global financial system stability. Gensler warned that without swift intervention, it would become “nearly unavoidable” that AI […]
The United States’ Securities and Exchange Commission (SEC) on Wednesday voted to propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. A news release by the Commission stated that the proposed amendments were designed to enhance the Financial Stability Oversight Council’s (FSOC) ability to assess systemic risk […]