42 résultats
pour « compliance »
"... we map out key strategic and normative dilemmas that regulators must navigate in regulating the development and application of AI."
"Cyber attacks can impair banks operations and precipitate bank runs. When digital infrastructure is shared, banks defend themselves by investing in cybersecurity but can free-ride on the security measures of others. Ex ante free-riding by banks interacts with the ex post coordination frictions underpinning bank runs."
"Using a sample of bank holding companies over the period 2015Q1 through 2020Q1, we find that risk exposure increases for the large banks that benefitted from the removal of certain regulatory provisions. These banks also benefit from higher profitability and reduced compliance costs."
"In addition to raising capital requirements, it introduced three ratios, two of which set out minimum standards for liquidity and funding risk, i.e. the liquidity coverage ratio and the net stable funding ratio, and one which aims to limit leverage in the banking system, i.e. the leverage ratio... This paper investigates the extent to which the regulatory initiatives might have already had an impact on banks."
"From a supervisory perspective, the use of AI can be expected to decrease regulatory enforcement costs while providing technology-advanced players with opportunities to game the regulatory system."
"Financial supervisors as well as financial intermediaries increasingly rely on AI. However, little remains known about the scope and pervasiveness of this evolution."
"... the proposed AI Act requires risky AI providers to comply with several standards before they can place their system on the market. Second, it has been acknowledged that autonomous systems pose a challenge to conventional liability rules. Consequently, at the European level, a new draft regulation on liability rules was initiated. Both proposals follow a first-of-its-kind policy that outlines how companies are allowed to use AI and what consequences should be enforced if an AI system causes harm to third parties."
"... this paper considers what problem, if any, the risk-based approach seeks to solve. It suggests that the problem to be solved by the approach is not primarily how to manage AI risks, but how to avoid a potentially over-broad scope of the regulation—a potential created by the broad definition of AI included in the Proposal."
"This paper... reviews the different channels of transmission of prudential policy highlighted in the literature and... provides a quantitative assessment of the impact of Basel III reforms using "off-the-shelf" DSGE models. It shows that the effects of regulation are positive on GDP whenever the costs and benefits of regulation are both introduced."
"... our results imply that when derivatives-related proprietary costs are high, benefits of non-compliance likely outweigh the costs."