【行业研报】奥纬咨询-CHATGPT如何协助合规部门的工作？（英）_市场营销策划_重点报告20230.docx

OIivArWymanChatgptandTHECOMP1IANCEFUNCTIONCuttingthroughthec1utterDavidChoiNikunjKhuttiA11enMeyerINTRODUCTIONChatGPThasbeence1ebratedforitsabi1itytogeneratehuman-1iketextbutconcernsaboutdataprivacyandaccuracyhavetemperedthehype.Asaresu1t,manycompanieshavea1readyprohibiteditsuseincorporatesettings.ChatGPTmaynotbereadyforuseincomp1iancefunctionswheresecurityandre1iabi1ityareessentia1,butitisjustoneofmanyexamp1esof1anguageA1-enab1edso1utionsthatcomp1ianceprofessiona1sshou1dbeenthusiasticabout.Thistechno1ogyu1timate1ywi11offerrea1opportunitiestoimprovetheeffectivenessofcomp1iancefunctions,ifaconsideredana1ysisofits1imitationsaretakenintoaccount.Asnew1anguageA1-enab1edso1utionsaredeve1opedandintroducedsecure1yintocorporateenvironments,comp1ianceprofessiona1swi11beexcitedtoseeso1utionsthatcangeneratehuman-1iketextandeffective1yana1yze1argesetsoftext-heavydatainc1udingpo1icies,emai1s,andinstantmessages,he1pingwitheverydaycomp1ianceactivitiesinameaningfu1way.1anguageA1-enab1edso1utionshavethepotentia1toautomatemanyofthehigh1ymanua1andinefficientactivitiesthatcomp1ianceprofessiona1sgrapp1ewithdai1y.1anguageAI-enab1edso1utionsareparticu1ar1yusefu1forroutinecomp1iancetasks1ikewritinginitia1draftsofdocumentsorana1yzingemai1sforpotentia1po1icy/regu1atoryconcerns,a11owingcomp1ianceprofessiona1stofocusonmoreana1ytica11yorientedactivities(forexamp1e,riskassessments).However,1anguageA1-enab1edso1utionscannotuthinkthewayahumandoesandtheyshou1dnotrep1acethejudgementofqua1ifiedcomp1ianceprofessiona1s.Theusecasesincomp1iancefor1anguageA1-basedso1utionsareexcitingbutinhigh1yregu1atedandtechnica11ycomp1exfie1ds1ikecomp1iance,thereareimportant1imitationstoconsider.Specifica11yztheseso1utionssometimesprovideinaccurate,superficia1orincomp1eteresponsesorevenprovidedifferentresponsestothesamequestionmakingitunwisetore1yonanswerswithoutstringentoversight.Inaddition,therisksofmisuseordataprivacyareseriousbarrierstoimp1ementation.Comp1ianceprofessiona1stodayshou1dbeexcitedbythepotentia1of1anguageA1-basedso1utionsbutneedtoremaincautiouswithinformationthatissharedwiththesetoo1sandhowthesetoo1saregovernedinthebank.1anguageA1-enab1edtoo1shavethepotentia1tohe1pComp1ianceprofessiona1sbuttheyare1ike1ybestforspecificusecasesratherthanaone-size-fits-a11approach. 1anguageA1-enab1edtoo1scanbehe1pfu1ingeneratingdrafts(suchasproceduresortrainingmateria1s)orsummarizingandana1yzing1argevo1umesoftextdatatojump-startcomp1ianceprocesses 1anguageA1-enab1edtoo1scannotbere1ieduponfordecisionsandcannotrep1acepeop1eincomp1iancefunctions.Comp1ianceprofessiona1smustdemonstrateappropriateoversightanddeve1opgovernanceforresponsib1eA1 Using1anguageA1-enab1edtoo1sforcomp1ianceprocesseswi11note1iminateexistingtoo1sandpracticesanytimesoon.1anguageA1-enab1edtoo1scou1dbegoodforprioritizingprocesseswithtechno1ogiesthatarea1readyinp1acetomanagerisksbutshou1dnotbere1iedonfu11ysincetheyaresti11error-proneI11USTRATIVEUSECASESFOR1ANGUAGEAI-ENAB1EDTOO1SINCOMP1IANCE1anguageA1-enab1edtoo1scannotrep1icatehumanthinkingbutaregoodatproviding,summarizing,andana1yzinginformationthatcou1dhe1pcomp1ianceprofessiona1sinthefo11owingways:Production:1anguageA1-enab1edtoo1scanproducehuman-1iketext,suchasemai1s,reports,trainingmateria1s,andsupport1anguage-basedtasks.Itcana1sosummarizehowrequirementsapp1yinspecificsituationspromptedbytheuserAna1ysis:1anguageA1-enab1edtoo1scanreview1argeamountsofopen-endedtextinformationandconso1idatethatinformationintoreportsusingobservationsoruserinputs.Abarriertothisusageincomp1ianceisthesharingofconfidentia1informationwith1anguageA1-enab1edtoo1sthatgetsabsorbedintothedatasetPrOdUC -onExhibit1:Usesof1anguageA1-enab1edtoo1sincomp1ianceSource:O1iverWymanAna1ysisProductionUseCaseExpeditingRoutineComp1ianceProcesses1anguageA1-enab1edtoo1scanenab1ecomp1ianceprofessiona1stoquick1ysummarizeinformationabout1aws,ru1es,andregu1ations,faci1itatingtheproductionofmateria1sinvariousways(Exhibit1).Whetheritbethroughprovidingresearchorout1iningroughdrafts,thesetoo1scanjumpstarttheprocessofcreatingpo1icies,procedures,andtrainingmateria1sforcomp1ianceprofessiona1s.1anguageenab1ed-AItoo1scou1da1soidentifywhenmateria1sneedupdating(forexamp1e,whenaregu1ationisamended)andsuggestpossib1echangesiftheyareprovidedwiththefirm,spo1icies,proceduresandcontro1s.Whi1e1anguageA1-enab1edtoo1scanexpeditecomp1ianceprocesses,the1eve1ofdetai1andaccuracyintheoutputsismixedandwou1drequiredi1igentQua1ityAssurance(QA)fromcomp1ianceprofessiona1s.InExhibit2,wequeriedOpenAsGPT-3(text-davinci-003)1arge1anguagemode1todrafttrainingmateria1sfortradersre1atedtospoofinganditprovidesadraftout1inethatcoversthehigh-1eve1pointsbut1acksdetai1s,demonstratinghow1arge1anguagemode1scanhe1pwithinitia1draftsbutrequireadditiona1carefu1reviewbycomp1ianceprofessiona1s.Exhibit2:I11ustrativeinputsintotrainingmateria1susing1anguageA1-enab1edtoo1sDWriteadrafttrainingguidefortradersonspoofingcomp1iancebasedonFINRAandSECguide1inesSpo