@article{DanielssonMacraeUthemann2019,
	title={Artificial intelligence and systemic risk},
	author={J{\'o}n Dan{\'i}elsson and Robert Macrae and Andreas Uthemann},
	year=2022,
	journal={Journal of Banking and Finance},
	volume=140,
	url={https://ssrn.com/abstract=3410948},
	abstract={Artificial intelligence (AI) is rapidly changing how the financial system is operated, taking over core functions for both cost savings and operational efficiency reasons. AI will assist both risk managers and the financial authorities. However, it can destabilize the financial system, creating new tail risks and amplifying existing ones due to procyclicality, unknown-unknowns, the need for trust, and optimization against the system.}
}