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Legal Ethics and Professional Responsibility
Financial regulation; Compliance technology; Cybersecurity; Agency problems; Risk analysis; Financial accidents; Systemic risks; “Too linked to fail”; “Too fast to save”; Hackers; Cybercriminals; Corporate governance; Risk management; Human agency; Artificial intelligence
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Full-Text Articles in Banking and Finance Law
Compliance, Technology, And Modern Finance, Tom C.W. Lin
Compliance, Technology, And Modern Finance, Tom C.W. Lin
Brooklyn Journal of Corporate, Financial & Commercial Law
An important transformation is happening in the financial industry. The rise of new technology and compliance has dramatically altered many of the key functions and functionaries of modern finance. Artificial intelligence, algorithmic programs, and supercomputers, instead of human actors, now constitute the core of many financial operations. Compliance officers have become just as critical to financial institutions as traders, bankers, and analysts. Finance as we knew it has changed and continues to change. This symposium Article offers a studied commentary on these unfolding changes, the crosscutting developments in compliance, technology, and modern finance. It examines the concurrent and intersecting ascents …