+ Follow x Following x Following - Unfollow+ Follow x Following x Following - Unfollow+ Follow x Following x Following - Unfollow+ Follow x Following x Following - Unfollow+ Follow x Following x Following - Unfollow+ Follow x Following x Following - Unfollow+ Follow x Following x Following - UnfollowDISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. On November 6, the Financial Stability Board’s (FSB) Regional Consultative Group for the Middle East and North Africa convened in Saudi Arabia for a meeting focused on technological innovation and AI advancements within the financial sector. The participants discussed the benefits and risks associated with AI and anticipated the FSB’s upcoming report on AI’s financial stability implications. The meeting also addressed the increasing frequency and severity of operational and cyber incidents in the financial system, emphasizing the implications of increased reliance on external providers. Global and regional market developments were also reviewed, including inflation expectations and the influence of technology and social media on depositor behavior.

Source: The North Africa Journal November 19, 2024 20:04 UTC