Irish Firms Using AI Trading Urged To Improve Controls

Law360, London (May 12, 2021, 2:23 PM BST) -- The Central Bank of Ireland has called on businesses that use computer systems with limited human interaction to improve their controls, and given some companies time to work on risk programs.

The regulator said on Tuesday that a review it conducted into businesses that undertake algorithmic trading identified some positive practices, but it also found shortfalls in their frameworks for risk and control. Areas of concern included a lack of documentation about pre- and post-trade controls and disparities between companies on the level of detail set out in documents.

Businesses could not prove that they have proper oversight of controls over...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!