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In a speech of 11 July 2024, Klaas Knot, Chair of the Financial Stability Board, said that many potential AI risks resemble traditional financial risks, that frameworks already exist to assess concentration risk, third-party dependence and interconnectedness, and that regulators are not starting from scratch. Copy claim link
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Supporting evidence: primary · 1 source; Context: primary · 1 source
Date 2024-07-11 · event Records dated 2024 → Role Context Register (kind of text) Nonfiction Missing element A statement that existing rules apply to firms’ use of AI or that no separate framework is needed; the passage concerns frameworks to assess risks. Scope and limits The speaker’s view in his role as FSB Chair (disclaimer recorded). He also said the FSB was ready to implement effective regulatory frameworks; he does not say whether AI requires a separate framework.
The evidence 03 primary source Supports the claim
The AI adventure: how artificial intelligence may shape the economy and the financial system ↗ Financial Stability Board · 2024-07-11
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Source excerpt “We already have frameworks to assess concentration risk, third party dependence and interconnectedness. This is good news. But potential new forms of interconnectedness in the financial system may emerge.” Location in source Speech text, paragraph beginning “Many of the potential risks”
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Klaas Knot Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 12e07da54b2a4b4373f89809ce31ddd7868b19c6831fa8d78c3d8a7cb79393c8). Retrieved again at admission on 2026-11-06 (SHA-256 1bd6fc0d731fe3c5ca4a770efdd19e5a1d97b46d9ab68c63d6a8041b5dba4f7a; web pages are served with new markup on each request). FSB web page of the speech text as served on 2026-11-02 (no PDF located on the page) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Klaas Knot, “The AI adventure: how artificial intelligence may shape the economy and the financial system”, 2024-07-11. 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 (29 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 AI adventure: how artificial intelligence may shape the economy and the financial system ↗ Financial Stability Board · 2024-07-11
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Source excerpt “Although this is no reason for complacency, we can take comfort in the fact that we’re not starting from scratch.” Location in source Speech text, paragraph beginning “Regulating a fast-changing”
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Klaas Knot Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 12e07da54b2a4b4373f89809ce31ddd7868b19c6831fa8d78c3d8a7cb79393c8). Retrieved again at admission on 2026-11-06 (SHA-256 1bd6fc0d731fe3c5ca4a770efdd19e5a1d97b46d9ab68c63d6a8041b5dba4f7a; web pages are served with new markup on each request). FSB web page of the speech text as served on 2026-11-02 (no PDF located on the page) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Klaas Knot, “The AI adventure: how artificial intelligence may shape the economy and the financial system”, 2024-07-11. 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 (20 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 Context only
The AI adventure: how artificial intelligence may shape the economy and the financial system ↗ Financial Stability Board · 2024-07-11
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Source excerpt “The views expressed in these remarks are those of the speaker in his role as FSB Chair and do not necessarily reflect those of the FSB or its members.” Location in source Head of the speech page, below the title
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Klaas Knot Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 12e07da54b2a4b4373f89809ce31ddd7868b19c6831fa8d78c3d8a7cb79393c8). Retrieved again at admission on 2026-11-06 (SHA-256 1bd6fc0d731fe3c5ca4a770efdd19e5a1d97b46d9ab68c63d6a8041b5dba4f7a; web pages are served with new markup on each request). FSB web page of the speech text as served on 2026-11-02 (no PDF located on the page) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Klaas Knot, “The AI adventure: how artificial intelligence may shape the economy and the financial system”, 2024-07-11. 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 text’s own statement of whose views it gives, shown beside the record; it is context, not support. The quotation matched a fresh retrieval of 2026-11-06. 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.
Relation. A passage of the document bears on the proposition without meeting its criterion; the record names the missing element. It is not an articulation and implies no influence.
Date. Date the speech or remarks were delivered, as the text gives it.
Record ID am-u12-fsb-2024-knot-ai-page-context