The Financial Services Regulatory Authority (FSRA) of ADGM hosted the third edition of the Global Financial Regulators Summit during Abu Dhabi Finance Week (ADFW) 2024, convening senior regulatory representatives from the MENA region, the European Union, the UK, and Asia.

As the financial landscape evolves with emerging trends and technologies, this year’sexclusive assembly focused on the role of Artificial Intelligence (AI)in the financial services sector. The Summit provided a platformfor global financial regulatory leaders to discussthe risks and challenges associated with AI adoption.Recognisingthesignificantopportunities AIoffers, theSummit also exploredstrategies topromote innovation whilesafeguarding customer protection, market integrity and responsible AI useby licensed financial entities and regulators.

The first roundtable showcased AI applications in financial services’authorisation, supervision and enforcement, highlighting their potential to enhance efficiency and speed through advanced analytics.The second roundtable addressed therisks and opportunities for regulators in adopting AI solutions, yielding key insights and conclusions on regulatory and supervisory approaches.The dialogue encouragedstronger global collaboration on AI aiming to establish common best practices.

The exclusive Summit’s high-level deliberations were later conveyed to public attendees of the Abu Dhabi Finance Week.

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