Vienna:Rashad Najafli, Deputy Director of the Economic Analysis Department at the Center for Analysis of Economic Reforms and Communication (CAERC), participated in an international conference addressing the challenges of maintaining financial stability amid digital finance and artificial intelligence.
According to Azerbaijan State News Agency, the conference was co-organized by the Austrian Central Bank (OeNB), the European Monetary and Financial Forum (SUERF), the Vienna Joint Institute, and the Yale University Financial Stability Program. It gathered top representatives from leading central banks, international financial institutions, and academia to discuss the impact of AI and digital finance on banking and financial stability.
Discussions focused on the opportunities AI presents for risk management and data analysis, as well as potential systemic risks like algorithmic decision-making and behavioral identification. Thomas Steiner of the Austrian Central Bank and Klaas Knot, former President of the Netherlands Central Bank, were among the notable speakers.
The event included executives from the European Central Bank, the Bank for International Settlements, the International Monetary Fund, and other significant financial institutions.