AI Governance Where the Regulator Also Runs the Market
AI governance evidence is usually prepared for a neutral reader. A regulator with no stake in the market, an auditor with no competing product, an examiner who gains nothing from what the documentation contains. In securities and derivatives markets that assumption does not hold. Exchanges and clearing organizations register as self-regulatory organizations, and most of them operate the market while regulating its participants. The reader of your evidence is also an operator.