Regulators are expecting the industry to make all reasonable efforts to be ready by January 3, 2018, Hanks said in his keynote speech, while recognizing the challenges firms face in building compliant systems because the directive is still at level 3 and therefore some parts remain unclear.
“The key is to make a sensible set of assumptions, write them down and work on that basis,” he said. “We will not be taking action against firms who tried and failed if their decisions were based on these a
Should regulators take a more active role when it comes to AI oversight, or leave it to the professionals? What will M&A look like in 2018?Subscribe to Weekly Wrap emails