Since the splashy launch of ChatGPT in 2022, Wall Street banks have been enthusiastic adopters of generative AI. Obviously an understandable trend since automation and the use of advanced algorithms made their way into the financial world years ago. But not without risks. According to Gary Gensler, chairman of the Securities and Exchange Commission (SEC) – the U.S. financial regulator – it is "nearly unavoidable" that AI will cause a financial crash as early as the late ’20s or early ’30s, and reliance on models developed by tech companies could lead to economic chaos.
In this lecture, prof.dr. Albert J. Menkveld will discuss the increasing use of AI in the financial sector and the importance of global regulation. To what extent are the concerns circulating valid and how can they be addressed?
Albert J. Menkveld is Professor of Finance at Vrije Universiteit Amsterdam and Fellow at the Tinbergen Institute. His research focuses on securities trading, liquidity, asset pricing, and financial econometrics. He just released a recording of his interview with three Nobel laureates to discuss the next fifty years of financial economics. Watch the trailer here and full version here (including chapters in the YouTube caption to view parts of the interview).
This lecture is organized in collaboration with B&R Beurs Eindhoven, the student investment society of the Eindhoven University of Technology.
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SG & USE/ITEC registration
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