  Artificial intelligence (AI) can undermine financial stability because of
malicious use, misinformation, misalignment, and the AI analytics market
structure. The low frequency and uniqueness of financial crises, coupled with
mutable and unclear objectives, frustrate machine learning. Even if the
authorities prefer a conservative approach to AI adoption, it will likely
become widely used by stealth, taking over increasingly high-level functions
driven by significant cost efficiencies and superior performance. We propose
six criteria for judging the suitability of AI.
