Tuesday, July 16, 2019

[LatestNews] Consumer Credit Counseling Service | (888) 551-1270: Fed’s Quarles says paying ‘a lot’ of attention to spread of machine learning in finance

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Fed's Quarles says paying 'a lot' of attention to spread of machine learning in finance

Tuesday 16 July 2019 02:32 PM UTC-05 | Tags: credit-counseling

AMELIA ISLAND, Florida (Reuters) – Federal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of machine learning in the financial sector may change its regulatory approach, but that so far it fits within the existing regulatory framework.

 
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