Industry warns CFTC against rushing to regulate AI for trading
Vote on workplan pulled amid calls to avoid duplicating rules from other regulatory agencies
Market participants have urged the Commodity Futures Trading Commission (CFTC) to proceed cautiously in developing new rules and guidance regarding the industry’s use of artificial intelligence in trading, to avoid adopting redundant or duplicate regulations.
Jennifer Han, chief counsel and head of regulatory affairs at Managed Funds Association, said regulators should prioritise reviewing and leveraging the existing regulatory framework, which may already be sufficient to address risk management
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