The AI adventure: how artificial intelligence may shape the economy and the financial system
Speech by Klaas Knot, Chair, Financial Stability Board. A speech or remarks are the speaker’s, not the Financial Stability Board’s policy unless its own text says so. Dated 2024-07-11. Occasion: IMF/World Bank Constituency meeting in Moldova.
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- The AI adventure: how artificial intelligence may shape the economy and the financial system Financial Stability Board · published 2024-07-11 · 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)
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- AI and money: what central banks and financial authorities have said, 1997–2026 →2 records on this document
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- Reliance on a few AI providers creates concentration riskIn a speech of 11 July 2024 at the IMF/World Bank Constituency meeting in Moldova, Klaas Knot, Chair of the Financial Stability Board, said that concentration risk and third-party risks were among the most important AI risks identified, and that the market for generative AI models appears to rest on a handful of models.2024-07-11 · event · Stated in source · Supported Inspect claim & evidence ↗Reliance on a few AI providers creates concentration risk: propositions page →
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- Existing financial rules broadly cover AIIn 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.2024-07-11 · event · Stated in source · Supported Inspect claim & evidence ↗Existing financial rules broadly cover AI: propositions page →
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