We welcome the announcement from the new European Commission, highlighting that it will propose a focus on a regulatory framework for AI and look forward to working with our European peers on this important area. Investment firms For investment firms, the implementation of robo-advisory services represents a fast-growing trend within the investment advisory industry.
An ESA Discussion Paper on automation of financial advice (ESA 2015) predicts that robo-advisors will grow exponentially leading to a rapid change in the current landscape.