The Securities and Exchange Commission (the “SEC”) recently announced an upcoming roundtable discussion focused on the role of Artificial Intelligence (“AI”) in the financial industry. Scheduled for March 27, 2025, the event will take place from 9 a.m. to 4 p.m. at the SEC’s headquarters in Washington, D.C. It will be open to the public and offers both in-person and virtual attendance options. The roundtable aims to foster a dialogue on the various aspects of AI, including its risks, benefits, and governance within the financial industry.
The roundtable will feature remarks from SEC Acting Chair Mark Uyeda, along with Commissioners Hester Peirce and Caroline Crenshaw. Their insights will set the stage for a series of discussions that delve into the challenges and opportunities presented by AI technologies. This initiative underscores the SEC’s commitment to understanding and addressing the evolving landscape of AI. The SEC’s prior effort to address AI, in the form of the predictive data analytics proposal was met with anxiety, concern and criticism. Ultimately, there was an acknowledgment that a modified version of the proposal would be taken under consideration. It will be interesting to see whether the roundtable sets the stage for, or provides any insights into, a new approach.
Information on the roundtable, which will include the agenda and process for submitting public comments can be found here. Register in advance here.