Financial industry to undergo even more transformation with the recent rise of generative AIA regulatory and supervisory framework that adapts to technological advancements is essentialNeed to build on insights gained from exports to fully benefit from new technologyBut technological advancements bring new risks to financial stabilityAs financial services grow more diverse and complex, the channels of risk transmission have become less transparentAnd current financial regulations may not be fully equipped to manage new types of financial servicesNothing that touches on monetary policy from Ueda in this latest speech. This article was written by Justin Low at www.forexlive.co
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