AI and the Financial Markets: Accountability and Risk Management with Legal Tools

Description

This project explores AI-related risks in the financial markets. Situated at the intersection between law and business, it examines the management of risks (real or perceived) that emerge from the use of AI algorithms in the financial sector. At an individual level, this relates to the risk for individual harm related to the use of AI. At a societal level, could the use of AI in the financial sector augment systemic risk on the financial markets? We will unravel the existing “accountability infrastructure” regarding AI in the financial sector, including its gaps and inconsistencies. The project also aims to clarify, by empirical study, how the affected actors actually do try to manage risk connected to their use of AI. This is a WASP-HS project.