Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Eddie Yue: HKMA To Provide Banks with Guidance on Gen AI Use
Recommend 33 Positive 48 Negative 22 |
||||
|
||||
|
In his speech at a forum, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), said that the banking sector will be guided to use Gen AI in a responsible, fair and ethical manner. It is hoped that banks will carefully plan and assess risk limits before launching products and take measures to manage them properly. The authority also asked banks to conduct risk assessments of AI service providers. The banking industry has an increasing demand for employees with AI skills, Yue mentioned. The results of a study on the potential skills gap in the banking industry in the next five years until 2030 will be announced in 2025. It is hoped that this will help the industry better understand its training needs and adjust its talent development strategies in a timely manner. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
