The CFTC announced that the RFC complements the directives the Biden Administration established for the safe, secure and trustworthy development of artificial intelligence.
The United States Commodity Futures Trading Commission (CFTC) would like to learn more about how regulated entities might use artificial intelligence (AI) in their compliance efforts and other applications.
The agency issued a comment request to enhance staff understanding of AI’s current and potential applications and risks in derivatives markets. Feedback received may impact future CFTC guidance, interpretations, policy statements, or regulations.
The CFTC seeks input on AI applications in trading, risk management, compliance, cybersecurity, recordkeeping, data processing, analytics, and customer interactions. In compliance, the agency highlighted AI’s potential influence on surveillance, Anti-Money Laundering (AML), and regulatory reporting functions.
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