Senior Financial Sector Expert, Global Markets Analysis Division, Monetary & Capital Markets Department (MCM-GA), International Monetary Fund
Benjamin Mosk is a Senior Financial Sector Expert at the International Monetary Fund (IMF), in the Global Markets Analysis Division of the Monetary and Capital Market Department. He has recently led the IMF's analytical work on the impact of AI on capital markets. This work features in a chapter of the October 2024 Global Financial Stability Report. Benjamin is also a lead editor of the IMF’s Global Markets Monitor. He specializes in the role of non-bank financial institutions in financial markets. Prior to his time at the IMF, he worked in various roles at the European Central Bank, and as a Research Fellow at Stanford University. He holds a PhD in theoretical physics and is a CFA charter holder.
Roundtable Room 2, Sands Expo & Convention Centre, Level 4
Invite-Only
There is no doubt that 2024 has been the year of AI, and as we progress towards the Slope of Enlightenment, considerations such as the responsible applications, management of risks and approaches to regulation have come to fore.
In August 2024, the controversial SB 1047 AI Safety Bill passed legislature despite resistance from technology companies and Democrats. The bill was adjusted following suggestions by Anthropic, who supported the Bill as eventually presented, stating that the bill was crucial to prevent catastrophic misuse of AI systems and that the “benefits likely outweigh its costs”.
This session considers the latest advancements on thinking on these topics, and tries to collect views on the thorniest questions – role of policymakers vs. developers vs. users in managing AI risks; focus on near- and long-term risks; the role of technology in solving these challenges; cross industry and government collaboration needed to manage these risks.
We will discuss how regulators and industry are coming together to define a new framework and technologies to combat new and emerging risks associated with AI. The role of regulators in providing a code base for industry implementation, and new practices that regulators may adopt in the face of fast-evolving technologies. The roundtable will also examine examples of collaboration in practice and share lessons that may be learned from these.
This roundtable aims to provide guidance and a standardised approach for the financial services industry to effectively apply AI and generative AI, to support global consistency and trust.
Hall 2, Singapore EXPO
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