- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-04-26T15:46:00
A commissioner at the Commodity Futures Trading Commission (CFTC) called for the agency to launch initiatives addressing the use—and misuse—of artificial intelligence (AI) tools in commodities markets.
In a speech delivered Thursday at an industry event, CFTC Commissioner Kristin Johnson said she favors increasing penalties for those who use AI tools to perpetuate fraud or market manipulation, as well as adopting “a principles-based regulatory framework for addressing the increasing prevalence of AI in our markets.”
Johnson said commodities markets are already permeated with AI use cases, in areas including trading, risk management, risk assessments and hedging, resource optimization, regtech, compliance, books and records, data processing and analytics, cybersecurity and resilience, and customer service.
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2024-05-02T18:51:00Z By Adrianne Appel
The Commodity Futures Trading Commission appointed its first artificial intelligence chief to lead the agency’s efforts to further integrate AI into its operations.
2024-04-18T20:42:00Z By Kyle Brasseur
With senior-level decisions on technology only increasing in frequency as new tools rapidly evolve, a panel at Compliance Week’s 2024 National Conference agreed compliance must consider the opportunities available to influence those conversations.
2024-01-26T13:56:00Z By Kyle Brasseur
The Commodity Futures Trading Commission would like to learn more about how regulated entities might be using artificial intelligence in their compliance efforts, along with other applications.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
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