CFA Institute maps how AI could rewire capital markets
As the cost of generating structured analysis falls and analytical tools become widely available, differentiation may depend less on producing information and more on system design, data governance, model oversight, and institutional integration.
Mona Naqvi, managing director of the CFA Institute Research and Policy Center and the paper’s author, said the profession has always evolved with the capital markets and this shift is no different.
She said the aim is to grasp the structural changes early so standards, governance and practice evolve ahead of AI rather than in response to it.
She added that the nature of professional competence itself is likely to change.
Naqvi said that as AI analysis becomes more embedded in investment decisions, professional competence will depend more on judgement, ethics and the responsible governance of complex systems.
