In response to “Why U.S. Financial Firms Are Cautious on AI for Surveillance – and What Needs to Change” (GARP, September 26, 2025)
Artificial Intelligence is redefining the structure of financial supervision, compliance, and market integrity. Yet, as the GARP analysis highlights, U.S. financial firms remain cautious in adopting AI for surveillance due to unresolved concerns about fairness, bias, explainability, and regulatory alignment.
The Boston Global Forum (BGF) views this caution as a sign of responsibility. Ethical, human-centered AI must be the foundation for modern financial governance. These principles are embedded in the Boston Finance Accord for AI Governance 24/7 and the AI World Society (AIWS) framework developed by BGF and its global partners.
To ensure trustworthy AI in finance, BGF identifies three urgent priorities:
- Establish standardized AI governance frameworks rooted in ethics, transparency, and human accountability.
- Encourage regulatory innovation that enables real-time auditing and ethical oversight of algorithmic systems.
- Promote collaboration among financial institutions, regulators, and technologists to create AI that strengthens—rather than replaces—human judgment.
These themes will be central to the BGF Conference on November 4, 2025, at Harvard University’s Loeb House, marking the 10th Anniversary of the World Leader for Peace and Security Award and advancing the Boston Finance Accord for AI Governance 24/7. Global leaders, scholars, and innovators will convene to discuss ethical digital assets and responsible AI-driven finance for the democratic world.
Through the AIWS Bank and Finance Ecosystem, BGF continues to pioneer frameworks ensuring that AI in finance is transparent, explainable, and aligned with democratic values. The mission is clear: AI must not replace human responsibility—it must enhance it.
https://www.garp.org/risk-intelligence/culture-governance/why-u.s.-financial-firms-250926
