AI and automated decision-making tools promise money and unmatched power to banks and governments alike: not only, so the saying goes, will they know everything about their citizens and customers, but will also be able to predict their behaviour, preferences and opinions. A global consulting firm McKinsey estimates that AI technologies will unlock 1 trillion dollars additional value for global banking industry every year. No wonder, governments around the world are quick to jump on the AI bandwagon, expecting increased efficiency, reduced costs and better insights into their populations. But will AI and automated decision-making meet these promises?
- Anthony Asher – Adjunct Associate Professor, UNSW Business School
- Elizabeth Sheedy – Professor, Department of Applied Finance of Macquarie Business School
Chair: Scott Donald – Associate Professor, Director (CLMR), UNSW Sydney
This seminar examines the exceptions to the takeover provisions in the Corporations Act 2001 (Cth) allowing money lenders to take security over a company’s shares. It focuses on unanswered legal questions concerning the operation of the money lending exceptions when lenders obtain equity interests as part of secured lending arrangements.
- Professor Jenny Buchan, UNSW – Is Australia’s franchise law fit for purpose?
This project was conducted as part of the Centre for Law Markets and Regulation (CLMR) internship program. It uses Natural Language Processing (NLP) algorithms to analyse news media on the Banking Royal Commission (BRC); in doing so, the research contributes to understandings of the BRC news coverage, and the strengths and limitations of using NLP on news media data.
On the 1st of October 2019 the CLMR and AHRI co-hosted an event with Deloitte: “Measuring Effectiveness of Actions Taken to Address Modern Slavery - Challenges and Opportunities”.
The event featured Associate Professor Justine Nolan (UNSW Law), Professor Stephen Frenkel (UNSW Business) and Morgan Ellis (Senior ESG Analyst, MSCI); chaired by Dr Hannah Harris (Macquarie Law).
Paul Dobson (Partner, Risk Advisory, Deloitte) opened the event, which had over 40 attendees from industry, academia and NGO organisations.