Regulation and Legal Control of Artificial Intelligence Applications in the Financial Sector
Artificial intelligence(AI)technology is increasingly being integrated into the financial sector,enhancing efficiency,reducing costs,and optimizing decision-making.However,it also introduces challenges such as personal data privacy breaches,algo-rithmic bias,lack of transparency,insufficient explainability,and amplification of systemic financial market risks.AI technology is cur-rently widely used in areas such as securities trading,risk assessment,customer service,and compliance management.Financial regu-latory authorities worldwide are actively seeking countermeasures to address the risks associated with AI technology.These measures in-clude establishing industry dialogues,formulating regulations and standards,and implementing sandbox experiments.Due to the rapid development of AI technology,regulators must continuously adjust and update regulatory policies to keep pace with technological chan-ges.In exploring the regulatory and legal governance of AI in China's financial sector,it is essential to adhere to a human-centered regulatory philosophy.This involves strengthening the review of algorithm implementation methods to balance efficiency and cost,focu-sing on the systemic risks that AI might pose,encouraging financial institutions to engage in self-regulation,and improving the top-level design and regulatory tools to ensure the sustainable development of China's financial market.
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