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Pablo Hernandez de Cos, Governor of Spain’s Central Bank, has recently expressed his thoughts suggesting financial regulation should serve as a ‘blueprint’ for policymakers. His statements arrived just ahead of an AI-focused summit set to be held in Switzerland. Hernández de Cos emphasized the importance of understanding and interpreting financial regulations as a prime example when shaping regulatory policies, particularly in innovative industries – like that of Artificial Intelligence.
In his perspective, Hernandez de Cos sees the intricacies involved in financial regulation as a detailed guideline which could be instrumental in navigating the complex landscape of AI. He believes that this would encourage thoughtful and informed application of AI in various sectors. His comments offer food for thought for policymakers globally as they deal with the rapidly advancing AI landscape and its profound implications on world economies. The forthcoming summit in Switzerland presents an ideal platform to further this discussion.
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