Fed’s Quarles Says Paying ‘A Lot’ Of Attention To Spread Of Machine Learning In Finance

www.oann.com | 5/6/2018 | Staff
princia (Posted by) Level 3
AMELIA ISLAND, Florida (Reuters) – Federal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of machine learning in the financial sector may change its regulatory approach, but that so far it fits within the existing regulatory framework.

“We are paying a lot of attention … within our existing framework. To the extent you have a machine learning tool that...
(Excerpt) Read more at: www.oann.com
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