All articles tagged with #global oversight
Twenty countries and the European Union urged international cooperation to keep AI under human oversight, proposing a possible global body to set and enforce standards, share safety incident reports, and convene states when capabilities exceed thresholds. The US and China did not sign, highlighting a divide as AI safety debates intensify ahead of the UN General Assembly.
The Financial Stability Board (FSB), a G20 watchdog, has issued nine regulatory recommendations to rein in the crypto industry and address the wider financial risks associated with it. The recommendations include cross-border cooperation between regulators, governance requirements for crypto issuers, and mandatory disclosures. The FSB emphasized the need for adequate safeguarding of client assets and addressing conflicts of interest. The framework is based on the principle of "same activity, same risk, same regulation." Industry experts welcome the guidelines but note that the actual implementation may vary.