Legal and Ethical Ramifications

Panel: Is AI ready for compliance? Legal and Ethical Implications in Enforcement

Artificial intelligence (AI) technologies are increasingly being used in a variety of fields, none more so than the financial industry. AI offers great opportunities; it can enable companies to automate manual processes and meet their regulatory requirements at a higher speed with a lower error rate and less effort.

While AI promises to bring greater efficiency to the provision of financial services, it is important to manage the risks. Three principles that come up in this context are responsibility, explainability and transparency. The obligation to comply with rules and responsibilities remains with the management of the company. Therefore, the management board may not just shift responsibility to machines and algorithms. Ultimate responsibility for AI generated outcomes must remain with people.

Speakers:

Thomas Barkias Supervisor

European Central Bank

Thomas Barkias is a Supervisor at the European Central Bank. Thomas holds a B.Sc. in Mathematics, an M.Sc. in Computer Science and an MBA. His MBA thesis assessed the possible implications of DLT on the economy and society. He is a certified information systems auditor (CISA) and certified...

Dr. Julia von Buttlar Deputy Head of Division

BaFin

Dr. Julia von Buttlar , LL.M. (Duke) is Deputy Head of the Division dealing with Administrative Offence Proceedings at the BaFin’s Directorate for Securities Supervision. Her practice includes all aspects of securities related delinquency and financial markets regulatory policy...

Robin Jose Chief Data and Analytics Officer

wefox

Robin actively contributed to building products and platforms that accelerated the Digital Transformation of industries using the power of Data. He works as the Chief Data and Analytical Officer for wefox, the largest Insurtech in Europe - and has held many senior leadership roles in both...

Ritavan Partner & Head of AI

Surplus

Ritavan is Partner & Head of AI at Surplus, Munich’s leading PropTech firm. He is involved in both VC investments and Company Building. Previously he was a Senior Scientist in the AI team at the Steering Lab of Horváth & Partners. He was also Adjunct Faculty at EU...