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- 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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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
2024-06-28T17:00:00Z By Aaron Nicodemus
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
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