AI Reports · GovAI (Oxford) · 2026-10-17 · Report / white paper
Economics Intelligent Financial System: How AI Is Transforming Finance June 2024 Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti, Merlin Stein At the core of the financial system i
The report analyzes how generative AI, emerging AI agents and, more speculatively, artificial general intelligence will affect finance. It examines four functions: financial intermediation, insurance, asset management, and payments, along with implications for financial stability and prudential policy. It also considers spillover effects on the real economy under optimistic and disruptive scenarios, and proposes a framework for upgrading financial regulation based on general AI governance principles.