Banking and AI

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the role of banks and the central bank and how they influence the economy, including consumer prices and asset prices.
• AI, changing regulatory and governance landscape and broader financial stability
• application of of predictive AI in financial intermediation and central banking
• transformational effect of generative AI on banks and central banks
• the tools of predictive and generative AI

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• understand the impact of AI on banking regulation and governance
• understand the impact of predictive and generative AI on the functions of banks and central banks
• assess the role and impact of banks and the central bank, and the need for appropriate regulation and supervision.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• develop skills in critically assessing and using official banks and central banks’ statements
• analytical thinking using financial data, by utilising AI and empirical research methodology
• learn tools of predictive and generative AI and their application using Python

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.