Artificial intelligence and systemic risk

CFS senior fellow and European Systemic Risk Board advisory scientific committee member Robin Lumsdaine and her colleagues, Stephen Cecchetti, Tuomas Peltonen, and Antonio Sanchez Serrano published a superb piece “Artificial intelligence (AI) and systemic risk.”

The report emphasizes substantial benefits from AI, but it also examines how the technology could amplify or alter existing systemic risks or create new ones.

The paper concludes with key policy proposals as well as future areas for investigation.

The full report is available at
https://www.esrb.europa.eu/pub/pdf/asc/esrb.ascreport202512_AIandsystemicrisk.en.pdf?9c33e4591f138527d8b39dab792d242f