U.S. SEC Chairman: AI is reshaping capital market regulation and will combat fraud or misleading practices using AI
U.S. SEC Chairman Paul Atkins spoke at the Financial Stability Oversight Council's Artificial Intelligence Innovation Roundtable, pointing out that AI will reshape capital market regulation. The U.S. SEC has established an AI working group this year to promote the application of artificial intelligence in areas such as risk assessment, market anomaly monitoring, information disclosure review, and market risk analysis.
In terms of regulatory approach, the SEC will adhere to a "technology-neutral" and "materiality-based" information disclosure framework, opposing simple additive mandatory disclosure requirements for new technologies. Actions that utilize AI for fraud or exaggerated claims will be held accountable under the law.
Paul Atkins added that as a regulatory agency, the U.S. SEC will not shy away from the AI wave but will choose to understand, evaluate, and adopt relevant technologies when appropriate, while encouraging market participants to maintain open dialogue with regulators to jointly promote the sound development of capital markets.
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