FIA PTG and 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 PTG 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.
