Are regulators looking in the wrong place by still focusing on conduct risk – fighting the last war, so to speak? If so, what is the answer to managing these new risks where human intent may not be responsible for compliance breaches leading to losses? Our lawyers share their insights.

Read more about artificial intelligence in the financial service sector in our Ghosts in the Machine report.

Gavin Raftery
Author

Gavin Raftery chairs Baker McKenzie's Global Acquisition Finance Group and the Tokyo office's FinTech Working Group.

David Brimacombe
Author

David Brimacombe is a Consultant to Baker McKenzies' Global Financial Institutions Group. He spent much of his career at Standard Chartered Bank where he held a number of senior roles including Group Head of Legal, Group Company Secretary, Group Head of Dispute Resolution and Head of Legal & Compliance & Regulatory Risk for EMEA.