In March 2024, the SEC announced that it settled two cases against investment advisers Delphia (USA) Inc. and Global Predictions Inc. for making false and misleading statements about their purported use of artificial...more
My last note touched on a recent SEC rule proposal regarding Predictive Data Analytics, and a speech by Chair Gary Gensler highlighting a number of AI-related concerns. The SEC’s interest in the use of AI does not appear...more
In its May 2021 edition of Market Watch, the FCA described actions it took to address the impact which a firm’s trading algorithm was having in the market. Its concerns had been raised after the Regulator’s own internal...more
Artificial intelligence (AI) technologies like machine learning and natural language processing are gaining inroads in the commodity trading arena to analyze data faster and spur more informed decision-making....more
The Hong Kong Monetary Authority published a circular on March 6, 2020, Sound Risk Management Practices for Algorithmic Trading, setting out its supervisory expectations and sound risk management practices on algorithmic...more
In recent years, the use of artificial intelligence (AI) solutions in every sphere of the economy has increased dramatically. In response to its rapid growth, governments are scrambling to regulate the new technology. Most...more
It's been a year since the European Commission published its Fifth Report on the application of the European Product Liability Directive (the "Directive") and set up expert panels to develop its thinking on next policy steps....more
On April 25, 2019 Orrick’s Successful Women in IP (SWIP) group and the newly launched AI Cross Practice Initiative joined forces to bring together industry-leading AI experts for a lively panel discussion on the data used to...more
We recently discussed the topic of risk management as it relates to artificial intelligence (AI) in financial services, and suggested certain tips for the financial services sector. This article is the first of a series that...more