مجلة الإدارة والتنمية للبحوث والدراسات
Volume 15, Numéro 1, Pages 93-116
2026-06-01

The Role Of Artificial Intelligence In Implementing Smart Governance Principles In Financial Markets: Lessons From International Experiences

Authors : Boukabous Meriem .

Abstract

This study examines the role of artificial intelligence (AI) and its associated technologies in consolidating governance principles and facilitating the transition from traditional governance models to smart governance frameworks. It analyzes the conceptual and practical dimensions of AI-driven governance, with a particular focus on financial markets. The study also addresses the key challenges related to the adoption of intelligent systems, including regulatory, ethical, and operational risks. Using comparative analysis, it explores selected international experiences from Singapore, the United States, and Switzerland. The findings reveal that digital transformation has evolved from a strategic option into an imperative for enhancing financial system stability. AI contributes significantly to improving transparency, efficiency, and regulatory compliance in financial markets. However, the study highlights emerging risks linked to algorithmic trading and automated decision-making. These risks may amplify systemic vulnerabilities and trigger financial instability if inadequately managed. Accordingly, the study recommends strengthening risk management frameworks and supervisory mechanisms. It further stresses the importance of maintaining investor confidence to ensure the sustainable implementation of smart governance in financial markets.

Keywords

Artificial Intelligence ; Smart Governance ; Financial Markets ; Algorithmic Trading ; Digital Transformation