HKMA Enhanced Consumer Protection in the Use of GenAI by Authorized Institutions in Hong Kong

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The Hong Kong Monetary Authority (HKMA) has imposed additional principles on the use of big data analytics and artificial intelligence (BDAI) and specifically, generative artificial intelligence (GenAI) by authorized institutions. These additional principles to the existing BDAI Guiding Principles1 were set out in a Circular on 19 August 2024 to all authorized institutions….
By: Mayer Brown
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