Michael Charles Borrelli is a highly experienced financial services professional with over 10 years of experience. He has held executive positions in compliance, regulation, management consulting and operations for institutional financial services firms, consulted for FCA-regulated firms on strategic planning, regulatory compliance and operational efficiency.

AI & Partners is a leading professional services firm specializing in assisting companies subject to the EU AI Act. Our expertise lies in providing comprehensive advisory and consultancy services tailored to ensure compliance with regulatory requirements.

Navigating the Future: AI's Role in Central Banking and Financial Regulation

As central banks and financial regulators grapple with the rapid advancement of Artificial Intelligence (AI), understanding its potential and pitfalls becomes crucial. This presentation will explore how AI can revolutionize central banking, from enhancing operational efficiency to improving financial monitoring and risk management. We will delve into the opportunities AI presents for predictive analytics, fraud detection, and customer service innovation. However, the risks associated with AI, including ethical considerations, data privacy, and systemic vulnerabilities, will also be examined. Drawing on case studies, we will discuss the necessary measures central banks must adopt to harness AI's benefits while mitigating its risks, ensuring they fulfill their regulatory and supervisory duties.