Using foreign experience in the use of artificial intelligence in the supervision of financial market participants in Russia.

Abstract

Within the framework of this article, a comparative analysis of existing approaches to the use of artificial intelligence (AI) in the field of control and supervision of financial market participants in foreign countries and Russia is carried out. As part of the comparative analysis, basic problems were identified in the field of ensuring the accuracy of analytical tools used to detect facts of market manipulation and insider trading, theoretical and practical situations of using artificial intelligence in the supervisory activities of public and private financial institutions were considered, and additional compensatory legal measures were proposed to ensure effective integration of artificial intelligence and the use of AI for the purposes of financial supervision in Russia. The subject of the study is the features of legal relations that develop in the course of AI use in the framework of the supervision of financial activities. The object of the study are regulations, recommendations and other documents regulating the use of artificial intelligence for supervisory activities aimed at preventing manipulation of the financial market and insider trading, judicial practice, academic publications and analytical reports on the issues under study. The research methodology integrates a complex of modern philosophical, general scientific, special scientific methods of cognition, including dialectical, systemic, structural-functional, hermeneutical, comparative legal, formal legal (dogmatic), etc. Within the framework of this study, special emphasis is laid on the implementation of a comparative legal study of the areas of AI application in financial supervisory activities, the identification of common problems in the AI application by authorities and the development of common approaches. The measures proposed as a result of the study can be applied in the legislative and legal practice of relevant authorities implementing the integration of artificial intelligence into the sphere of public relations in Russia, including the field of control and supervision activities in the financial market.