As AI continues to transform industries worldwide, the need for a deep understanding of legal and regulatory frameworks surrounding AI has never been more critical. This collaborative course, developed by Pinsent Masons, in partnership with the University of Edinburgh Business School and Edinburgh Futures Institute, aims to bridge the gap between AI technology and legal compliance for senior managers in Financial Services.
Luke Scanlon, Head of Fintech Propositions at Pinsent Masons said "Our collaboration with the University of Edinburgh underscores our commitment to providing comprehensive guidance and expertise in the rapidly evolving AI landscape. We are excited to contribute our legal insights and industry knowledge to empower Senior Managers in navigating AI-related legal challenges and opportunities."
The course curriculum, designed by a team of legal experts from Pinsent Masons, covers key areas such as AI legal and regulatory risk, data privacy concerns, ethical considerations, and AI governance structures. Effective training is needed for regulated businesses to equip senior managers with the practical and actionable guidance necessary to take understand and implement all necessary reasonable steps. With appropriate and effective training, senior managers should be able to understand:
- The financial services AI legal and regulatory framework
- The impact of data management, accuracy, validity and reliability issues together with monitoring testing and oversight expectations
- How to form an appropriate approach towards AI transparency and explainability
- How to manage and address bias and discrimination
- Key intellectual property and liability issues
- The importance of effective AI governance and ethics
Delivered in Edinburgh on 4 and 5 June 2024 at the Edinburgh Futures Institute, the course aims to support AI accountability for senior managers and remedy the skills and engagement gap. As the course is specifically aimed at senior managers within regulated financial services businesses, participants will have the opportunity to learn from expert instruction and the experiences of their peers in the Banking and Finance sector.
Across the EU there is also a clear expectation for senior managers to undertake adequate training in order to address AI risk. The near-final version of the EU AI Act sets out requirements for human oversight of AI systems. Those responsible for oversight are to “have the necessary competence, training and authority” and “a sufficient level of AI literacy”.
This collaboration exemplifies Pinsent Masons’ dedication to delivering cutting-edge education and foster collaboration between academia and industry and hopes to engage with senior managers, equipping them with the tools and knowledge needed to effectively leverage AI, while ensuring legal compliance and ethical practices.
For further information please contact executive@business-school@ed.ac.uk.