Regulation and Risk Management of Artificial Intelligence in Financial Services 2021 | City and Financial Global | 9 November 2021 | Virtual Event

Building on the work of the Artificial Intelligence Public Private Forum, convened by the Bank of England and the FCA, the Regulation and Risk Management of AI in Financial Services Summit will focus on how best to adapt regulation and best practice risk management to facilitate increased use of AI in financial services, with specific reference to model risk management, data protection and standards, strategic boardroom issues, governance, ethics and the role of senior management.

We are delighted that Chris Philp MP, Minister for Digital Infrastructure, Department for Digital, Culture, Media and Sport, has agreed to give the opening keynote address at the summit.

AI and machine learning are already having a significant impact on all areas of society and that impact is set to grow exponentially over the coming years. In the UK, the government has published its AI Strategy and launched the Office of AI and the AI Council, which, together with the Centre for Data Ethics and Innovation and the UK Information Commissioner’s Office, have been advising government on implementation of its strategy.

AI adoption in the financial sector is growing rapidly. However, there are concerns that AI could exacerbate certain risks and that the current regulatory framework may not be adequate for managing them. For instance, AI raises ethical and regulatory questions about the harm that could be caused through unintentional failures and the need to check that existing regulatory regimes effectively cover developing practices. As a result, AI-based systems are increasingly attracting the attention of regulators. The range of concerns includes accountability, safety, unfair algorithms, bias in data, and the application of models that are not appropriate to the business context – as well as ensuring that the use of models provides value to customers.

This important summit brings together an exceptional panel of speakers to address all the regulatory and risk management issues surrounding the use of AI in the financial services industry.

Who should attend?
• Senior management of banks, asset managers and insurers, including Chief Risk Officers (CROs), Chief Compliance Officers (CCOs), General Counsel (GCs) and Chief Technology Officers (CTOs)
The advisory community, including law firms, AI solutions providers, strategy consultants and risk management advisory firms

2021 Speakers

Professor Philip Treleaven
Director of the UK Centre for Financial Computing and Analytics and Professor of Computing, UCL

Chris Philp MP
Minister for Tech and the Digital Economy, Department for Digital, Culture, Media and Sport

Varun Paul
Co-Head of the Fintech Hub, Bank of England

Sarah Gadd
Global Head of Data and Artificial Intelligence Solutions, Credit Suisse

Dr Bernhard Hein
Partner, EMEIA Financial Services - Consulting, EY

Gwilym Morrison
Head of Analytics & Data Science, Royal London

Rachel Kirkham
AI Director, Audit & Risk Analytics, Mindbridge AI

Julian Cunningham-Day
TMT Partner, Global Co-head of Fintech, Linklaters

Dr Ansgar Koene
Global AI Ethics and Regulatory Leader, EY

Dr Frank De Jonghe
Partner, EMEIA Financial Services Quantitative & Analytics Services Leader, EY

Adri Purkayastha
Group Head of AI & Digital Risk Analytics, BNP Paribas

Catarina Souza
Senior Expert, Model Risk Management, ING

Peter J. Schildkraut
Partner and Co-Leader, TMT Industry Group, Arnold & Porter

Stephen Bonner
Executive Director (Regulatory Futures and Innovation), UK Information Commissioner's Office

Dr Lukasz Szpruch
Director of Finance and Economics Programme, The Alan Turing Institute

Shameek Kundu
Head of Financial Services and Chief Strategy Office, TruEra

Neil Taylor
Vice President, Data Strategy, Mastercard

Sally Sfeir-Tait
Chief Executive Officer, RegulAItion

Kate Rosenshine
Global Technology Lead - Unicorns & Scale-ups, Microsoft UK

Roger Taylor
Chair, Centre for Data Ethics and Innovation

Sajedah Karim
Partner, Financial Services Risk, EY

Dr Adriano Koshiyama
Co-founder and CEO, Holistic AI

Andrew Reiskind
Senior Vice President of Data Strategy, Mastercard

Dr Adrian Weller
Programme Director for AI, The Alan Turing Institute and Member of the Advisory Board, Centre for Data Ethics and Innovation (CDEI)

Professor Philip Treleaven
Director of the UK Centre for Financial Computing and Analytics and Professor of Computing, UCL

2021 Sponsors

PREMIER SPONSOR:
• EY

SPONSORS:
• Arnold & Porter
• Linklaters