This article discusses the need for high-level frameworks to guide the #regulation of #artificialintelligence (#ai) technologies. It adapts a #fintechinnovation Trilemma framework to argue that regulators can prioritize only two of three aims when considering AI oversight: promoting #innovation, mitigating #systemicrisk, and providing clear #regulatoryrequirements.
The paper delves into the intertwining of financial institutions and environmental concerns, particularly climate change and biodiversity loss. It introduces a dual framework based on 'impact' and 'ri
The paper explores optimal insurance contracts using decision makers' preferences, combining expected loss with a deviation measure like Gini coefficient or standard deviation. It reveals that using e
“I show that, during a normal economic period, rather than having a disciplining effect, disclosure leads to banks increasing risk taking, consistent with banks facing pressure to offset the costs of