The case
Current risks in the financial sector; for more see link
Source: Finma
The commentary
According to the report there are nine significant risks for the financial sector. Compared to last year, FINMA has identified two new risks: those relating to liquidity and funding as well as to the outsourcing of business activities. FINMA will also review the use of AI by supervised institutions in line with the risk-based approach and the principle of proportionality. It will continue to monitor developments in the use of artificial intelligence in the financial industry, remain in discussions with relevant stakeholders and stay abreast of international developments.
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