Additionally, every Risk Monitor
investigates a trend that could have long-term effects on the Swiss financial market. FINMA considers using artificial intelligence (AI) a trend because of its growing significance in numerous spheres of life. The accountability for AI decisions, the dependability of AI applications, the transparency and explicability of AI decisions, and the equitable treatment of clients in the financial markets present unique challenges.
FINMA expects supervisory institutions to react suitably to the associated risks. Following the risk-based approach and the proportionality principle, FINMA will investigate how AI is used by institutions under supervision
. It will also continue to monitor developments in artificial intelligence in the financial industry, remain in discussions with relevant stakeholders, and stay abreast of international developments.