Business & Finance
AI’s Advance Has FX Market Asking Whether Governance Can Keep Up
Key Points
EXCLUSIVE AI’s Advance Has FX Market Asking Whether Governance Can Keep Up There’s a growing push to review guidelines for the $9.5 trillion-a-day currency market more often, to make sure they keep pace with artificial intelligence’s rapid advance. The Global Foreign Exchange Committee — the international body that coordinates FX market standards — currently updates its best-practice principles for the market once every three years. Representatives of the group and other market participants...
EXCLUSIVE
AI’s Advance Has FX Market Asking Whether Governance Can Keep Up
There’s a growing push to review guidelines for the $9.5 trillion-a-day currency market more often, to make sure they keep pace with artificial intelligence’s rapid advance.
The Global Foreign Exchange Committee — the international body that coordinates FX market standards — currently updates its best-practice principles for the market once every three years. Representatives of the group and other market participants are debating whether to increase the frequency of reviews for potential technology-related risks, according to people familiar with the matter.