FIA responded to the US Treasury Department’s request for information on artificial intelligence. In particular, the letter suggested Treasury focus on the applications of the technology within the context of a particular use case as opposed to the technology as a whole.
Similar to the Commodity Futures Trading Commission's long-standing focus of remaining technology-neutral, FIA suggests the Treasury Department consider existing rules and guidance applicable to financial institutions when deciding whether additional regulation is warranted from financial regulators.
Read the letter in full.
