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Against this dynamic backdrop, Asia Securities Industry & Financial Markets Association (ASIFMA) recently issued a white paper titled “Enabling an Efficient Regulatory Environment for AI – Practical Considerations for Generative AI”, as an extension of its 2021 paper on fostering an effective regulatory environment for AI.

The paper was developed with input from ASIFMA’s AI Taskforce and the Fintech Working Group, which includes banks, asset managers, professional firms and market infrastructure providers.

ASIFMA anticipates that this paper will act as a valuable resource to educate the market and regulators on opportunities, gaps, challenges, and risks associated with GenAI in capital markets, while outlining industry perspectives on risk mitigation. It also hopes to deepen engagement with regulators on GenAI.

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