CFTC Issues Advisory on Artificial Intelligence Regulation, Marking Measured First Step for Financial Markets

Dec 22, 2024, 06:54 AM

The Commodity Futures Trading Commission (CFTC) has issued an advisory regarding the regulation of artificial intelligence (AI) in financial markets, marking a measured first step in addressing the implications of AI technologies. The advisory outlines the CFTC staff's approach to ensuring that AI developments align with legal and ethical standards. This initiative reflects a growing trend among regulatory bodies to adapt to the rapid advancements in AI, as they seek to establish frameworks that govern its use in various sectors, particularly in finance. The CFTC's advisory is expected to influence the future of AI regulation, as it emphasizes the need for oversight in this evolving landscape.