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Industry bodies broadly approve of FSB responsible AI adoption proposals

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Photo: Michael M. Santiago/Getty Images

Carmen Cracknell

2 min read
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The ABA and IIF, among others, generally support the non-prescriptive approach.

The American Bankers Association (ABA) and Institute of International Finance (IIF) have issued responses to proposals by the Financial Stability Board (FSB) for Sound Practices for Responsible Adoption of AI, adding some targeted suggestions on definitions, case studies, and sound practices.

Linklaters said the report was a timely intervention and

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