The Reserve Bank of New Zealand (RBNZ) has warned that the accelerating adoption of artificial intelligence in financial services poses emerging risks to financial stability. In a report released Monday ahead of its biannual Financial Stability Report, the central bank highlighted concerns around system errors, data privacy, and market distortions.
“Errors in AI systems, data privacy concerns and market distortions could amplify existing risks,” the RBNZ noted. It also pointed to…
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https://www.forexlive.com/centralbank/rbnz-flags-financial-stability-risks-from-rapid-ai-adoption-20250504/
