This week we have a robust issue discussing recent guidance on using artificial intelligence, navigating regulations and more.
Mercedes Tunstall dives into the recent guidance from the Consumer Financial Protection Bureau that lays out what lenders using AI need to disclose when denying credit (spoiler alert: it is probably more, not less).
I discuss FDIC Chair Martin Gruenberg’s speech this week on the financial stability risks posed by nonbank financial institutions compared to their insured bank counterparts.
We also highlight updates in the UK, including Policy Statement PS23/13 released by the UK's Financial Conduct Authority, the lowdown on the International Organisation of Securities Commissions consultation report and the European Commission's sustainability reporting standards.
What's on your mind? I'd love to hear. You can reach out to me here.
Daniel Meade Partner and Editor, Cabinet News and Views