The increased sophistication of fintech poses many policy concerns, especially when harnessing A.I. in asset management. Currently, there is a lack of international regulatory standards for A.I. and machine learning in asset management. Since A.I. is already being used by investment managers to improve operational structure, investment strategy, and trading efficiency, the need to address this policy gap is urgent. On March 25, the Institute of Electrical and Electronics Engineers (IEEE), the world's largest professional organization devoted to engineering, is launching Ethically Aligned Design (EAD1e), a set of guidelines for the design and use of intelligent systems. The initiative is a step in the right direction because it begins to provide the ethical foundations for designing transparent and impartial systems--but more must be done.
Mar-24-2019, 18:28:11 GMT