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good afternoon ladies and gentlemen welcome to this special session on regulatory developments that the financial stability Institute organizes every year in the context of the V annual general meeting the topic as you all know topic of this year's panelist policy approaches for addressing risk F by the use use of artificial intelligence in Services of course I don't think uh anyone will be surprised about the selection of this topic for this year's regulatory session I think as many of you are aware the foundations of artificial intelligence technology have been around already for uh for some time however it's practical application across most Industries has been rather limited uh until until recently so with the Advent of increased computer power and also uh the availability of vast amounts of data artificial intelligence has become is emerging as a transformative force that is impacting virtually all Industries including certainly Financial financial services so this

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