Technological innovations continue to represent drivers of change for the investment management industry.
From spreadsheets to algorithmic models, the industry has utilized computing power to enhance the research and analysis vital to making informed investment decisions. Today, artificial intelligence (AI) is leading the next round of change.
CFA Institute and our members regard the CFA Institute Code of Ethics and Standards of Professional Conduct (Code and Standards) as the benchmark for accepted ethical conduct within the investment management industry. The acceptance of AI as a tool for the industry provides the opportunity to review the norms of the Code and Standards given the technological changes.
The Standards of Practice Council (SPC), the volunteer committee tasked with maintaining the Code and Standards, recently published a consultation paper, which provides background on AI and the potential for impact within the industry. The paper discusses ideas for modifying risk management practices within firms employing AI techniques and closes with specific questions seeking feedback on the application of the Code and Standards.
The SPC, through this paper, is seeking to provide a platform for discussing the benefits and concerns about the growing incorporation of AI within the investment management industry.
We are seeking feedback from CFA Societies, members and other investment professionals. Respond to this consultation by emailing ethics@cfainstitute.org or completing the online form. The consultation is open until 29 March 2019.
© 2019 CFA Institute. All rights reserved.
To download assets, please view the site on a desktop device