What are the key stakeholders responsible for AI accountability in financial institutions according to the chapter?

The key stakeholders responsible for AI accountability in financial institutions include developers of AI systems, the financial firms that adopt these systems, and regulatory authorities that monitor their applications.

Developers are responsible for the design and accuracy of AI systems, while financial institutions have a moral obligation to ensure these systems operate fairly and legally. Regulatory authorities play a crucial role in overseeing the use of AI in finance and establishing rules for its application. The complexity of AI systems, especially those that learn and evolve, complicates the determination of accountability, making it essential for all stakeholders to actively engage in oversight and auditing processes.