US CFTC Appoints First Chief Artificial Intelligence Officer, Schedules AI Day

The Commodity Futures Trading Commission (CFTC) has scheduled an “AI Day” for today (May 2, 2024).

In advance of this gathering, the CFTC has appointed its first Chief Artificial Intelligence Officer.  CFTC Chairman Rostin Behnam has selected Dr. Ted Kaouk for the new role. Currently, Dr. Kaouk serves as the CFTC’s Chief Data Officer and Director of the Division of Data.

In this new position, Dr. Kaouk will be responsible for leading the development of the CFTC’s enterprise data and artificial intelligence strategy to further integrate CFTC’s ongoing efforts to advance its data-driven capabilities.

Behnam said that AI is one of his top priorities, as data analytics and artificial intelligence have the potential to transform the CFTC’s capabilities for oversight, surveillance, and enforcement in the derivatives markets.

AI Day will take place at the CFTC’s Washington, D.C. headquarters from 1:00 p.m. to 4:30 p.m. ET.  The meeting will be part of the TAC or Technology Advisory Committee’s meeting.

The meeting is open to the public and will be live-streamed on the CFTC website.

 


 

1:00pm ET

Introductions/Opening Remarks

 

1:20pm ET

AI Day Presentations: Responsible AI in Financial Services

1:20pm ET

The Federal Reserve and AI: Advancing Responsible Innovation

Presentation:

  • Sunayna Tuteja, Chief Innovation Officer, Federal Reserve Board

1:40pm ET

Viewpoints:  Discussion of the Technology Advisory Committee

1:50pm ET

Takeaways from Market Automation and Issues to Watch

Presentation:

·         Kirsten Wegner, CEO, Modern Markets Initiative 

2:10pm ET

Viewpoints:  Discussion of the Technology Advisory Committee

2:20pm ET

NIST AI Risk Management Framework

Presentation:

  • Elham Tabassi, Associate Director for Emerging Technologies, Information Technology Laboratory, and Chief AI Advisor, National Institute of Standards and Technology

2:40pm ET

Viewpoints:  Discussion of the Technology Advisory Committee

2:50pm ET

Break

 

3:05pm ET

Discussion and Consideration of the Emerging and Evolving Technologies Subcommittee Report Regarding Responsible AI in Financial Markets

 

Presentations:

  • Nicol Turner Lee, Director, Center for Technology Innovation, The Brookings Institution
  • Todd Smith, Director of Centralized Data Science and Analytics, National Futures Association
  • Francesca Rossi, AI Ethics Global Leader, IBM
  • Todd Conklin, Chief AI Officer & Deputy Assistant Secretary of Cyber, U.S. Department of the Treasury

 

4:05pm ET

Presentation Regarding U.S. Treasury Department’s Cybersecurity Report on AI in the Financial Sector


Presentation:

  • Todd Conklin, Chief AI Officer & Deputy Assistant Secretary of Cyber, U.S. Department of the Treasury

4:25pm ET

Viewpoints:  Discussion of the Technology Advisory Committee

 

4:30pm ET

Closing Remarks and Adjourn

For further agenda updates and more information about this advisory committee, including its members, visit TAC

 

What:

Technology Advisory Committee Meeting

Location

(In-person/virtual):

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street NW

Washington, DC  20581

 

*Virtual instructions below

 

When:

Thursday, May 2, 2024

1:00 p.m. – 4:30 p.m. (EDT)


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