Category «Financial System»

AI in Finance and Banking, January 31, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. Six highlights from this post: The FCA has launched a review into the implications of advanced AI on consumers, retail financial markets and regulators; The Dangerous Illusion Of Explainable AI In Modern Finance; Companies including Palantir and Deloitte have collectively reaped more than $22bn from contracts linked to Donald Trump’s immigration crackdown; Digital Economics and AI Tutorial, Spring 2026, Alfred P. Sloane Foundation; Speculative Growth and the AI; and Behavioral Economics of AI: LLM Biases and Corrections.

Subjects: AI in Banking and Finance, Economy, Education, Financial System, Legal Research

Hold Fast, Harvard

Since 2025 the Secretary of Education Linda McMahon has engaged in battles with major American institutions of higher education and research. Using the Trump administration’s Compact for Academic Excellence in Higher Education, McMahon demands strict adherence to “educational principles” that include elimination of ‘DEI’ programs to quality for ‘preferential federal funding.’ In the case of Harvard University, this funding is on the order of $2.2 billion annually. Lawyer Kyle K. Courtney unravels the litigation at the heart of Harvard’s effort to preserve academic freedom and deny the administration another huge payoff with no transparency as to where the exortion money actually ends up.

Subjects: Economy, Education, Financial System, Free Speech, Healthcare, Legal Research, Medical Research, United States Law

AI In Finance and Banking, January 18, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Markets brace for 2026 as investors flag potential AI overheating and uncertainty over Federal Reserve policy; Artificial intelligence and growth in advanced and emerging economies: short-run impact; Here’s what Wall Street bank CEOs are saying about head count in the age of AI; Why insurance companies should encourage solid AI risk management instead of excluding it; and SoftBank has completed its $40 billion investment commitment to OpenAI.

Subjects: AI in Banking and Finance, Economy, Financial System, Insurance Law

AI in Finance and Banking, December 31, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: How the AI ‘bubble’ compares to history; Artificial intelligence and growth in advanced and emerging economies: short-run impact; Generative economic modeling; The Emerging Market for Intelligence: Pricing, Supply, and Demand for LLMs; Macroeconomic productivity gains from Artificial Intelligence in G7 economies; and AI boom adds $500bn to net worth of US tech billionaires in 2025.

Subjects: AI in Banking and Finance, Economy, Financial System, Government Resources, Legal Research

AI in Finance and Banking, December 15, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: FCA sets out plans to help build mortgage market of the future; GDP Nowcasting Performance of Traditional Econometric Models vs Machine-Learning Algorithms: Simulation and Case Studies; UK banks turn to AI for fraud prevention and to improve services. Tools help detect organised crime, automate lending checks and deliver personalised financial offerings; Firms harness AI tools in search for competitive edge.

Subjects: AI in Banking and Finance, Economy, Financial System, Legal Research

The Law Firm Pyramid Rollover

Heather Suttie is widely acknowledged as one of the world’s leading authorities on legal market strategy and management of legal services firms. In this article she addresses how artificial intelligence, pricing, and transience of the legal service sector’s workforce will cause the traditional law firm pyramid structure to rollover like an upending iceberg. The result? By 2030, global legal services will operate much differently than they do now.

Subjects: AI, Continuing Legal Education, Economy, Financial System, Leadership, Legal Profession, Management

The Imminent AI Bubble Crash (and Why It Won’t Matter in the Long Run)

This article examines why today’s AI boom resembles the dot-com bubble—soaring valuations, unprofitable companies, copy-cat entrants, and heavy speculation driven in part by infrastructure providers themselves. Drawing parallels from 1999 to now, Jerry Lawson argues that although an AI correction is inevitable, it won’t derail the long-term transformation AI will bring. The bubble will burst—but the technology will endure, and the real winners will emerge in the next wave.

Subjects: AI, Economy, Financial System, KM, Legal Profession, Legal Technology

AI in Finance and Banking, November 15, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: The Price of Intelligence: How Should Socially-minded Firms Price and Deploy AI?; The use of artificial intelligence for policy purposes; How Technology Is Reshaping Finance; How Financial Firms Can Modernize Legacy Systems Without Disrupting Core Operations; Central banks and other supervisory and regulatory authorities need to “raise their game” both as observers of the effects of artificial intelligence on the economy; How banks are laying the foundation for agentic AI; and Gemini Deep Research comes to Google Finance, backed by prediction market data.

Subjects: AI in Banking and Finance, Cybersecurity, Economy, Financial System

Pete Recommends – Weekly highlights on cyber security issues, November 15, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Don’t Get Tricked by Fake Amazon Reviews This Black Friday; Meta makes billions from scam ads on Facebook, Instagram: Report; Digital IDs: The Future of Identity Documents; New Google Lawsuit May End Massive Text Phishing Operations; and Google Drive Will Use AI To Turn Lengthy PDFs Into Short Audio Summaries.

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Legal Research, Privacy, Search Engines, Social Media, Technology Trends, United States Law

AI in Finance and Banking, October 31, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Sequoia invests in AI tool that could replace junior bankers; Artificial intelligence and central banks: monetary and financial stability implications; Making AI Count: The Next Measurement Frontier; Defining The Big Picture Framework When It Comes To The Economics Of Transformative AI; and A Review of AI Applications in Digital Banking Platforms: Enhancing Accessibility, Usability, and Engagement.

Subjects: AI in Banking and Finance, Economy, Financial System