Artificial intelligence and systemic risk
分析了人工智能在金融系统中应用带来的新尾部风险和放大现有风险的方式,对风险管理者与金融监管者具有参考价值。
Artificial intelligence (AI) is rapidly changing how the financial system is operated, taking over core functions for both cost savings and operational efficiency reasons. AI will assist both risk managers and the financial authorities. However, it can destabilize the financial system, creating new tail risks and amplifying existing ones due to procyclicality, unknown-unknowns, the need for trust, and optimization against the system.