AI in Commerce and Finance

The City Bar Presidential Task Force on AI and digital technologies hosts this discussion on AI governance in the financial sector. Azish Filabi (American College McGuire Center for Ethics and Financial Services) moderates with Muyiwa Odeniyide (Nasdaq), Adam Marchuck (Citi), Jordan Romanoff (BNY Mellon), Stuart Levi (Skadden Arps), and Corey Goldstein (Paul Weiss). They share best practices for integrating AI governance and the specific risks associated with third-party AI vendors, underscoring the importance of cross-functional collaboration and continuous learning for lawyers navigating the rapidly changing AI environment. Want to learn more about AI governance in the financial sector? Register for the City Bar’s Artificial Intelligence Institute on June 16 (available on-demand thereafter): https://services.nycbar.org/AIInstitute/ Visit nycbar.org/events to find all of the most up-to-date information about our upcoming CLE programs and events as well as on-demand CLE content. 01:08 AI Ethics and Financial Services 02:37 Current State of AI Law and Regulation 13:33 AI Use Cases in Financial Companies 16:50 AI Risk and Governance Considerations 18:45 Legal Perspectives on AI Risk 28:44 AI Governance in Financial Services 37:28 The Role of AI Lawyers 42:56 Balancing Innovation and Risk