Use of complex machine learning models holds pitfalls as well as opportunities, says Lael Brainard.
Americas
Latest articles from Americas

US democracy is on probation
January 20, 2021US institutions withstood the attacks on the Capitol, but its role as global promoter of democracy is crumbling.

New US whistleblower reward scheme bolsters AML fight
January 14, 2021Programme encourages whistleblowers from anywhere in the world to provide info about money laundering to relevant authorities.

Rising US populism tops risk managers' fears
January 8, 2021US institutions' inability to handle Trump-inspired populism a big worry, says the European Risk Management Council.

Banking leaders fret over US Capitol assault
January 7, 2021Finance and business executives condemn violence that left four people dead and urge peaceful transition of power.

Latin America needs a financing boost to restart the economy
January 4, 2021The president of CAF, the Development Bank of Latin America, says the post-pandemic era is the perfect opportunity for investment in the region’s infrastructure.

IDB Invest on key sustainability opportunities in Latam for 2021
January 4, 2021Inter-American Development Bank to focus on Latin American pension funds regulation and social bonds.

Fed acknowledges climate change threat to financial stability
December 14, 2020US Federal Reserve has acknowledged the climate change risk, bringing it in line with other central banks and global bodies.

Developed market banks ‘can withstand higher defaults’
December 10, 2020G-SIBs can afford core capital ratios to fall by 5 percentage points before eating into capital buffers, according to Capital Economics.

US banking M&A set for ‘big bounce’
December 1, 2020Surge in mergers and acquisitions could reduce number of banks in the US over next decade, according to report.