The People’s Bank of China (PBOC) has asked financial institutions using artificial intelligence (AI) to deliver investment advisory and asset management services to disclose key assumptions their algorithms use, along with their methodology for asset allocation, due to concerns of increased volatility in the markets and potential misrepresentation to investors. The requirements around the so-called ‘robo-advisor’ services are part of…
PBOC asks robo-advisors to disclose algorithm assumptions, asset allocation methodologies
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