The OECD Business and Finance Outlook is an annual publication that presents unique
data and analysis on the trends, both positive and negative, that are shaping tomorrow’s
world of business, finance and investment. Artificial Intelligence (AI) has progressed
rapidly in recent years and is being applied in settings ranging from health care,
to scientific research, to financial markets. It offers opportunities, amongst others,
to reinforce financial stability, enhance market efficiency and support the implementation
of public policy goals. These potential benefits need to be accompanied by appropriate
governance frameworks and best practices to mitigate risks that may accompany the
deployment of AI systems in both the public and private sphere.
Using analysis from a wide range of perspectives, this year’s edition examines the
implications arising from the growing importance of AI-powered applications in finance,
responsible business conduct, competition, foreign direct investment and regulatory
oversight and supervision. It offers guidelines and a number of policy solutions to
help policy makers achieve a balance between harvesting the opportunities offered
by AI while also mitigating its risks.
The virtual launch of the Outlook hosted a high-level discussion on what governments and businesses can and should be doing to foster the use of trustworthy AI applications in the financial sector. This event brought together senior representatives and thought leaders from government, business, civil society, academia, other international organisations and the media.