Articles by author
Artificial intelligence in financial markets: systemic risk and market abuse concerns
The prospect of widespread adoption of advanced artificial intelligence (AI) models in financial markets, particularly reinforcement learning and deep learning techniques, has raised significant concerns among regulators. Although there is no clear evidence that these AI techniques are currently prevalent in trading systems, regulators warn that their future integration could heighten systemic risks and introduce novel forms of market manipulation. This Spotlight article examines whether the characteristics of advanced AI systems create new forms of market instability and explores the challenges they present to existing market abuse detection and prevention frameworks.
22 NOV 2024Private credit: exploring systemic risk concerns and regulatory architecture
The regulation of private credit (PC) is firmly in the regulatory spotlight, as part of a broader focus on non-bank financial intermediation (NBFI). This Spotlight article explores whether PC features the risks typically associated with NBFI, and whether the regulatory architecture in the UK and EU is appropriate to address any such risks.
31 JUL 2024Prudential consolidation under the IFPR: the connected undertakings conundrum
In this article, Leonard Ng and Qalid Mohamed consider the concept of “connected undertakings” under the new UK Investment Firms Prudential Regime (IFPR). They highlight certain concerns regarding the scope and application of consolidated supervision with respect to the concept of connected undertakings.
1 NOV 2021
