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Influence of artificial intelligence in capital market activities and reflection in legal and regulatory framework: final research report |
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| รหัสดีโอไอ | |
| Title | Influence of artificial intelligence in capital market activities and reflection in legal and regulatory framework: final research report |
| Creator | Supawich Sirikanchana |
| Publisher | Thammasat University. Faculty of Law. Research Promotion Committee |
| Publication Year | 2569 |
| Keyword | Artificial intelligence, AI, Capital market, Securities law, Securities regulation |
| Abstract | 1. The massive disruption of artificial intelligence in capital markets has provoked excitement alongside challenges that demand further scrutiny from both securities law academia and practitioners. The transformative technology has the potential to shift the landscape of capital markets by enabling tremendous efficiencies and benefits for securities intermediaries and investors. The cutting-edge technologies drive financial innovations, provide investors with greater investment opportunities, enhance operational efficiency, forecast market movements, monitor risk, and detect fraud. Additionally, artificial intelligence not only analyses vast amounts of unstructured qualitative and quantitative data but also gives recommendations to investors on digital platforms. Artificial intelligence technologies transform the capital market with their recent breakthroughs. Novel regulatory and policy challenges have emerged which are currently a top priority for global securities regulators and academics to examine for their development and associated potential risks. This research seeks to address the principal inquiry: “How will artificial intelligence transform operational practices in the capital market, and what are the optimal regulatory standards to oversee this transformation?” Artificial intelligence is still in the stage of development 2. regulations should be flexible to encourage further innovations while protecting investors and ensuring securities intermediaries adopt the technology in a responsible way. This research proposes that authorities should focus on existing legal frameworks and impose new regulations as necessary, and the regulation approach should emphasise the quality and implementation of artificial intelligence in existing capital market activities. The principle of fiduciary duty can apply to securities intermediaries adopting the technologies. They must act with fiduciary duty in the best interest of investors, disclose accurate and not misleading information to them, have knowledge and expertise in the technologies, and establish governance and risk management. Additionally, securities regulators should look forward to coordinating internationally for shared understanding through the lens of supporting market effectiveness and maintaining financial stability. |
| Language | EN |
| URL Website | https://digital.library.tu.ac.th/tu_dc/digital/api/DownloadDigitalFile/dowload/210427 |
| Website title | https://digital.library.tu.ac.th |
