Artificial intelligence, markets and financial stability

Last 14 May was held the meeting "Artificial intelligence, markets and financial stability", organized by the LUISS University in collaboration with the IMI Corporate & Investment Banking Division of Intesa Sanpaolo, in which was explored the increasingly important role that Artificial Intelligence (AI) is taking over in the financial sector.

After the welcome greetings from the Chief of the IMI CIB Division, Mauro Micillo, the event began with a panel dedicated to the results of two academic research studies by LUISS, introduced by Giorgio Di Giorgio, Director of the Arcelli Center for Monetary and Financial Studies and presented by Ivan Gufler, PhD Student in Economics and by Emanuele Tarantino, Professor of Economics. Furthermore, in this session, developments regarding the study of the behavior of the algorithms that power AI and their implications were exposed.

In the following session, Giovanna Nicodano, Professor of Finance - University of Turin, Guido Brera, Chief Investment Officer of Kairos, Alessandro Beber, Managing Director, Head of IShares and Wealth Southern Europe of BlackRock, moderated by Andrea Prampolini, Head of Financial, spoke. Digital & Markets Tech, IMI CIB Division.

The debate therefore addressed current issues such as the importance of machine learning to find inefficiencies in the financial market and the role of AI in asset management, highlighting the need to guarantee a balance between the human factor and technology in designing the manager of the future, in the awareness that the phenomenon of "human in the loop", the principle according to which humans must maintain an active role in the decision-making process of artificial intelligence, will be a success factor.

Collaboration with the academic world is a fundamental step to address those challenges that the complexities linked to AI entail, as also stated by Mauro Micillo, who also underlined how Intesa Sanpaolo remains firmly convinced that the professionalism of people will remain a fundamental and distinctive element in the relationship with clients.