HKIMR – Financial Services in the Era of Generative AI: Facilitating Responsible Adoption, Apr

The main theme of the report concerns the implementation and impact of generative artificial intelligence (GenA.

I.) in the financial sector. The report examines the evolution of GenA.I., its impact on risk management, and talent development strategies in the financial industry. The document emphasizes the importance of responsible implementation of GenA.I., considering risks related to model accuracy, data privacy, and security. It also discusses international and local regulatory approaches and strategies that can facilitate safer and more effective implementation of GenA.I. in Hong Kong.