FRANKFURT - The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European Central Bank said on Wednesday.
"Therefore, the implementation of AI across the financial system needs to be closely monitored as the technology evolves," the ECB said in an article published as part of its regular Financial Stability Review."Additionally, regulatory initiatives may need to be considered if market failures become apparent that cannot be tackled by the current prudential framework."
"Market contacts indicate that euro area financial institutions may be slower to adopt generative AI, given the range of previously discussed risks also considering potential reputational risks," the ECB said.Canada to convene meeting to discuss money laundering allegations against TD Bank Inflation falling further from here in the near term is a "pipe dream" and rate cuts will continue to be pushed out, Stifel strategists said.These high-yielding dividend stocks are perfect for investors looking for a deal, and who'll be paid to wait it out! The post Got $5,000? These 2 High-Yielding Dividend Stocks Are Trading Near Their 52-Week Lows appeared first on The Motley Fool Canada.This Under-$10 Dividend Stock Pays a 6.