Financial stability in a ChatGPT world
ECB
ECB
What does the rapid advance of AI mean for our financial system? And how is financial stability affected by geopolitical risk? Our host Stefania Secola puts these questions to expert John Fell in The ECB Podcast’s regular look at financial stability in the euro area.
What does the rapid advance of AI mean for our financial system? And how is financial stability affected by geopolitical risk?
Our host Stefania Secola puts these questions to expert John Fell in The ECB Podcast’s regular look at financial stability in the euro area.
In this episode:
- 01:01 How stable is our financial system right now? Our latest financial stability assessment is more positive, but just how resilient is our financial system to shocks?
- 04:56 What concerns does geopolitical risk raise? How can geopolitical risk affect markets, banks and non-banks like investment funds, and what can financial institutions do to manage it?
- 09:55 How can AI help the financial system? Artificial intelligence offers promising ways to improve efficiency, customer service and risk management.
- 13:32 Can AI be a source of systemic risk? Widespread use of AI tools and reliance on a small number of suppliers could lead to financial stability risks.
- 19:13 Our guest’s hot tip Financial stability expert John Fell shares his hot tip with our listeners.
