Testimony before the U.S. House of Representatives – Committee on Financial Services – Task Force on Artificial Intelligence
13 Pages Posted: 30 Dec 2019
Date Written: December 8, 2019
I have divided this testimony into four sections, which discuss: (1) several types of automation currently being deployed in capital markets and the financial sector, and how they affect decision-making; (2) how machine learning (ML) and automation can help and hurt workers by disruption of the current and future financial services workforce; (3) what “RegTech” is and how ML can be deployed to help regulators better supervise financial institutions; and (4) algorithmic bias.
Keywords: machine learning, artificial intelligence, automation, jobs
JEL Classification: G0, G1, G2, G15, G24, E44
Suggested Citation: Suggested Citation