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A special feature of the ECB’s Financial Stability Review of May 2024, prepared by Georg Leitner, Jaspal Singh, Anton van der Kraaij and Balázs Zsámboki, states that widespread AI adoption may harbour the potential for increased herding behaviour and market correlation, and that AI could lead to distorted asset prices, increased correlation, herding or bubbles. Copy claim link
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Date 2024-05 · publication Records dated 2024 → Role Articulation Register (kind of text) Nonfiction Scope and limits A staff-prepared special feature published in the Financial Stability Review; the page carries no statement that it is the Governing Council’s view. It describes channels and conditions (technological penetration and supplier concentration), not observed herding.
The evidence 02 primary source Supports the claim
The rise of artificial intelligence: benefits and risks for financial stability ↗ European Central Bank · 2024-05
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Source excerpt “widespread AI adoption may harbour the potential for increased herding behaviour and market correlation.” Location in source Opening summary paragraph
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Georg Leitner; Jaspal Singh; Anton van der Kraaij; Balázs Zsámboki Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 cf5b2c1621ba1591fb3b4c4aabc4a013108254efe307797711a8b339ad65ce3b). Retrieved again at admission on 2026-11-06 (SHA-256 b19d563ac6f4dbed1d9dca9ddc1dd3d60e3a63d0a17789468e84eda204c8a5d2; web pages are served with new markup on each request). HTML of the special feature in the Financial Stability Review, May 2024, as served on 2026-11-02 Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Georg Leitner, Jaspal Singh, Anton van der Kraaij, Balázs Zsámboki, “The rise of artificial intelligence: benefits and risks for financial stability”, 2024-05. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (14 words) matched a fresh retrieval of 2026-11-06. Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. primary source Supports the claim
The rise of artificial intelligence: benefits and risks for financial stability ↗ European Central Bank · 2024-05
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Cite the original source Cite the original document, not Selekoa. Check these details against it.
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Source excerpt “As a result, AI may make market participants’ conclusions systematically biased, leading to distorted asset prices, increased correlation, herding behaviour or bubbles.” Location in source Section “Financial stability implications of AI”
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Georg Leitner; Jaspal Singh; Anton van der Kraaij; Balázs Zsámboki Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 cf5b2c1621ba1591fb3b4c4aabc4a013108254efe307797711a8b339ad65ce3b). Retrieved again at admission on 2026-11-06 (SHA-256 b19d563ac6f4dbed1d9dca9ddc1dd3d60e3a63d0a17789468e84eda204c8a5d2; web pages are served with new markup on each request). HTML of the special feature in the Financial Stability Review, May 2024, as served on 2026-11-02 Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Georg Leitner, Jaspal Singh, Anton van der Kraaij, Balázs Zsámboki, “The rise of artificial intelligence: benefits and risks for financial stability”, 2024-05. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (22 words) matched a fresh retrieval of 2026-11-06. Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. Status and meaning Editorial status. Machine-checked . Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.
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Record ID am-u01-ecb-2024-fsr-ai