On 19 October 2022, CFA Institute published a statement on ethical artificial intelligence (AI) application in the financial market: Ethics and Artificial Intelligence in Investment Management, a Framework for Professionals. The document presents a study on the impact of the use of AI and Big Data in investment management, including risk management, trading, and automated advice. The authors of the study emphasise that the use of algorithms for asset allocation, security selection and other functions should mainly serve the best interests of final investors and algorithm design principles should be transparent and explainable.

CFA Institute is a global non-profit organisation which groups investment professionals and engages in educational activities in the area of finance. The organisation focuses on promoting high standards of ethics, education and work in the investment services market.

Information about the publication and the content of the study is derived from the CFA website: https://www.cfainstitute.org/en/about/press-releases/2022/ethics-and-artificial-intelligence-in-investment-management-framework.