Linklaters Americas’ Post

A look back at this year’s Global legal and business outlook 🌍   Future+vision was this year’s theme, and we were delighted to welcome a visionary roster of guests and Simmons speakers to share their thoughts on what the future holds for financial institutions, asset management and investment funds.   📃 On the agenda were sessions focussing on:   - The global macro-economic landscape - The hot topics shaping the industry - The transformative impact of AI on the legal landscape   With so many incisive talks and discussions, it’s impossible to pick a favourite, but here is a snapshot summary from the session with our first keynote speaker Dr Linda Yueh. We’ll also link the snapshot summary from our second keynote speaker, Lord Holmes of Richmond MBE, in the comments below.   For more insights and learnings from the three days, we encourage you to read our post-event summary, including key takeaways from each of the sessions: https://lnkd.in/ekdTqNeW   #assetmanagement #finance #innovation #AI

🚨 U.S. Securities and Exchange Commission fires ‘AI washing’ warning shot 🚨 Delphia and Global Predictions Inc were fined for falsely claiming the use of AI technologies in their operations. “We find that Delphia and Global Predictions marketed to their clients and prospective clients that they were using AI in certain ways when, in fact, they were not,” said SEC Chair Gary Gensler. As AI continues to shape our financial landscape, the necessity for transparency and honesty becomes even more crucial. This action is undoubtedly just the beginning of stricter oversight in AI-related claims. 🤔 Have you started to see examples of AI washing in your industry? #AI #finance #SEC #ethics #investment

Financial services firms rush to AI despite lack of understanding of its functions. Artificial intelligence adoption by financial services firms is growing rapidly despite high levels of uncertainty about how it works, an industry survey has found. Cédric Cajet, Marion Leslie. Check out Linus Uhlig's latest article 👇 https://incm.pub/490t2aM #investment #wealthmanagement #assetmanagement #finance

GenAI IN THE FINANCIAL SERVICES SPACE This document is a white paper published by the Hong Kong Monetary Authority in collaboration with #KPMG and Quinlan & Associates. It is about Generative Artificial Intelligence in the Financial Services Space, focusing on its adoption, impact, regulatory principles, adoption considerations.

Last year, it seemed the SEC was primed to regulate Investment Advisors' AI use, directly and indirectly, through a number of proposed rulemakings. This year, ahead (and on the heels) of Chevron Deference being removed from its war chest, the SEC has leaned into AI-washing as its safe play. Given what appears to be a clean sweep in federal elections on all levels, favoring heavy-handed conservative policies, 2025 won't impact this strategy. Check out my legal analysis on the outlook of the SEC regulating Investment Advisors' AI use in 2025 (and beyond) as part of Bloomberg Law's ‘Look Ahead' series. https://lnkd.in/eBfeRhin https://lnkd.in/eeXXUCpk

Interesting article about the SEC going after companies for "AI Washing" - or making unfounded claims regarding the use of AI or machine learning.

Ahead of our upcoming Data Minds panel our moderator Virginie O'Shea from Firebrand Research discusses the growing regulatory risk around AI in her new article, such as the SEC recently fining two investment advisors for "artificial intelligence washing". Full details below. #stockmarket #investing #airisk #aiwashing

Our new affluent investor study from Cogent Syndicated reveals a transformative evolution in the wealth industry where trust, technology and service-driven human expertise converge. While trust in the financial community is at a peak, fewer advised investors now accept financial advisor recommendations without independent validation. Steven C Ethridge adds, “The increasing use of AI to inform investment decisions signals a fundamental shift in how investment guidance is consumed and validated.” With these dynamics at play, how can wealth management firms strengthen their brand equity? Find out in this blog post: https://hubs.li/Q02Z6F_S0 #mrx #wealthmanagement #affluentinvestors #trust #AI

🌐 Explore the key global trends in the technology sector that we believe will shape the legal outlook for businesses in 2025 and beyond. 👉 You can read the full publication on our website: https://lnkd.in/eD9Zb9sb #techlegaloutlook2025 #techlaw #AI #investment #digitaleconomy #onlinesafety #regulation #digitalinfrastructure #data #litigation #antitrust

ASIC warns that financial services licensees risk a governance gap as AI adoption accelerates. Many lack policies on fairness, bias, and disclosure, raising concerns about consumer harm. Firms must update governance frameworks to address AI’s growing impact. Read the full piece: https://bit.ly/3VhqvmY #CompanyDirector #Governance #FinancialServices #ConsumerProtection