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FSI Insights No 63 of December 2024, by Crisanto, Leuterio, Prenio and Yong, also states that AI use may present unique challenges so that regulatory or supervisory guidance may be needed in specific areas, and that provider concentration strengthens the argument for direct oversight frameworks for cloud and AI service providers. Copy claim link
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Supporting evidence: primary · 1 source; Context: primary · 1 source
Date 2024-12 · publication Records dated 2024 → Role Context Register (kind of text) Nonfiction Missing element The passages say that guidance may be needed in specific areas and that provider concentration strengthens the case for direct oversight of cloud and AI service providers; they do not dispute that existing rules broadly cover financial institutions’ use of AI, and the same summary states that they do (see the articulating record). Scope and limits Recorded as context after a check by a model of another family: further guidance and the oversight of providers coexist with broad coverage. The text also articulates J12; the paper says authorities ‘may need to examine existing regulations and, if needed, issue clarifications, revisions or even new regulations’ in listed areas.
The evidence 03 primary source Supports the claim
Regulating AI in the financial sector: recent developments and main challenges ↗ Financial Stability Institute, Bank for International Settlements · 2024-12
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Source excerpt “Nevertheless, AI use by financial institutions may present some unique challenges and hence regulatory or supervisory guidance may be needed in specific areas.” Location in source PDF p. 5 (printed p. 2), executive summary
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Juan Carlos Crisanto; Cris Benson Leuterio; Jermy Prenio; Jeffery Yong Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 e0c9275e8dcabb65bc3261f1d930c4f93796fcea6133a569a43338e9f783adce). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/fsi/publ/insights63.pdf, redirected) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Juan Carlos Crisanto, Cris Benson Leuterio, Jermy Prenio, Jeffery Yong, “Regulating AI in the financial sector: recent developments and main challenges”, 2024-12. 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 (23 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. primary source Context only
Regulating AI in the financial sector: recent developments and main challenges ↗ Financial Stability Institute, Bank for International Settlements · 2024-12
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Source excerpt “The concentration of cloud and AI service providers to a few large global technology firms strengthens the argument for putting in place direct oversight frameworks for these service providers depending on available legal authority.” Location in source PDF p. 5 (printed p. 2), executive summary, bullet ‘Regulatory perimeter – third parties’
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Juan Carlos Crisanto; Cris Benson Leuterio; Jermy Prenio; Jeffery Yong Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 e0c9275e8dcabb65bc3261f1d930c4f93796fcea6133a569a43338e9f783adce). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/fsi/publ/insights63.pdf, redirected) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Juan Carlos Crisanto, Cris Benson Leuterio, Jermy Prenio, Jeffery Yong, “Regulating AI in the financial sector: recent developments and main challenges”, 2024-12. 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 (34 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. The same passage is quoted in this paper’s record on J02; counted once against the quotation limit. No human editorial review. primary source Context only
Regulating AI in the financial sector: recent developments and main challenges ↗ Financial Stability Institute, Bank for International Settlements · 2024-12
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Source excerpt “The views expressed in them are solely those of the authors and do not necessarily reflect those of the BIS or the Basel-based committees.” Location in source PDF p. 2 (inside cover, series note)
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Juan Carlos Crisanto; Cris Benson Leuterio; Jermy Prenio; Jeffery Yong Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 e0c9275e8dcabb65bc3261f1d930c4f93796fcea6133a569a43338e9f783adce). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/fsi/publ/insights63.pdf, redirected) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Juan Carlos Crisanto, Cris Benson Leuterio, Jermy Prenio, Jeffery Yong, “Regulating AI in the financial sector: recent developments and main challenges”, 2024-12. 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 of publication, as the text gives it.
Record ID am-u12-fsi-2024-insights-63-context