CFTC Commissioner Kristin N. Johnson defended the CFTC's "efforts to advance inquiries regarding the integration of AI in our markets and to explore the need to introduce guardrails to mitigate the risks that AI technologies may present."
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The New York State Department of Financial Services proposed guidance on the use of "artificial intelligence systems and external consumer data and information sources in insurance underwriting and pricing."
In a new Report, a CFTC Technology Advisory Subcommittee described the "promising opportunities and complex, significant risks to the U.S. financial system, consumers, and national security" associated with decentralized finance and generative artificial intelligence.
CFTC Commissioner Christy Goldsmith Romero asked members of the Technology Advisory Committee to consider "guardrails to ensure that AI innovation is responsible."
NFA questioned the rationale and benefits of proposed changes in a CFTC proposal to increase the disclosure requirements for commodity pools and managed account programs operated by registered commodity pool operators and commodity trading advisors.