According to PYMNTS, Marlene Amstad, Chair of the Swiss Financial Market Supervisory Authority (FINMA) and Chair of the International Organization of Securities Commissions (IOSCO), stated that regulators are accelerating the adoption of AI and RegTech tools, including those for crypto market regulation. The report mentions that FINMA has developed a real-time crypto monitoring dashboard, which combines the quarterly reported crypto asset quantities from institutions with daily market prices. This is used to identify excessive crypto exposure at individual institutions and operational risks caused by token concentration on a single blockchain. Amstad also mentioned that FINMA is developing generative AI tools to scan regulatory documents before on-site inspections and flag anomalies. Recommendations flagged by the first AI tool will be reviewed by a second AI tool before being handed over to regulators. https://(wublock123.com)/news/finma-developing-generative-ai-tools-for-crypto-regulation-63600