Artificial intelligence and machine learning can offer significant benefits to companies in various ways, but their use also comes with risks. The Board of the International Organization of Securities Commissions (IOSCO) has acknowledged and addressed these risks in its recently released final report on the use of AI and ML by market intermediaries and asset managers. “Risk-reduction measures need to be tailored to the risks of the particular AI use cases and the particular firm,” Debevoise partner Avi Gesser told the Cybersecurity Law Report. With analysis from Gesser and Lex Sokolin, the global financial technology co-head of ConsenSysSee, this article discusses the key provisions of the Final Report, the input IOSCO received in response to its consultation and how the final guidance measures differ from those proposed last year. See “IOSCO Offers Six Risk Mitigation Measures for AI and Machine Learning” (Sep. 9, 2020).