Securities and Exchange Commission

Regulator · US · 3 documents

Key number

10 to 16 percentage points

Average stock recommendation swing across LLMs. OpenAlex (recherche mondiale) p.1

Key number

126 efforts

Total Modernisation Efforts Reported. Financial Stability Board p.9

Same Person, Different Advice: Auditing LLM Financial Advice with Repeated Risk-Tolerance Responses

Research paperOpenAlex (recherche mondiale)October 202623 pages

Across 800 real household profiles where only the risk answer changed, seven large language models shifted recommended stock allocations by 10 to 16 percentage points on average.

Regulatory and Supervisory Modernisation Principles: Consultation Report

ReportFinancial Stability BoardOctober 202632 pages

A stocktake conducted by the FSB gathered 126 modernisation efforts from 24 jurisdictions and 3 SSBs across various financial sectors and entity types.

Keeping Pace with Change: Fintech and the Evolution of Commercial Law

Research paperIMF FintechJanuary 202231 pages

Fintech Note 2022/001 provides guidance on modernizing commercial law frameworks to accommodate technological innovation while mitigating legal risks.