SOLM326 AI and Financial Law
The module will examine the nature of the exciting new field of Artificial Intelligence (AI) in its application in the banking and financial market areas. The module will develop a new core subject area of ‘Artificial Financial Intelligence’ (AFI) and with all of the associated developments in the new field of ‘Artificial Financial Intelligence Law’ (AFIL).
The course will examine the nature of Artificial Intelligence (AI), its origin and development, principal technological specifications, advantages and disadvantages, a new forms of associated risk and exposure and new regulatory models and solutions in the financial market area.
Many of the largest banks and other financial institutions will, as noted, be leaders in the use of all aspects of this new technology as well as assist directly fund the development, use and application of such technology and act as indirect providers of investment and capital funding.
The relationship will be examined between Artificial Intelligence (AI) and such related fields as Financial Technology (FinTech), Regulatory Technology (RegTech) and advanced Technology (TechTech) as well crisis response (CrisisTech). The use and application of Artificial Intelligence (AI) in relation to law and legal services will also be considered through the development of a new field ‘Artificial Legal Intelligence’ (ALI) to compliment the examination of the parallel new area of Artificial Financial Intelligence (AFI) referred to above.
All of the principal documents produced by the financial regulatory authorities on the risks associated with Artificial Intelligence (AI) will be reviewed with a wider examination conducted of how financial regulation templates can be reapplied in the Artificial Intelligence (AI) area. A new composite Artificial Intelligence (AI) control model will be constructed based on financial la and regulatory solutions.
Applicable groupings
Credits
30