Swiss Regulator FINMA Accelerates AI Tools for Crypto Market Oversight, Amstad Says

Swiss Financial Market Supervisory Authority (FINMA) Chair and International Organization of Securities Commissions (IOSCO) Chair Marlene Amstad said regulators are accelerating the adoption of artificial intelligence and regulatory technology tools, including tools aimed at supervising crypto markets. According to Foresight News, Amstad said FINMA has developed a real-time crypto monitoring dashboard that combines quarterly crypto-asset figures reported by institutions with daily market prices. She said the dashboard is designed to help identify cases where a single institution’s crypto exposure becomes overly concentrated, as well as operational risks that can arise when tokens are concentrated on a single blockchain. Amstad also said FINMA is developing generative AI tools to scan regulatory documents ahead of on-site inspections and flag anomalies. She added that recommendations produced by the first AI tool would be reviewed by a second AI tool before being passed to supervisory staff.