The development of national, supranational, or global regulatory bodies for advanced algorithms is essential. In this chapter, a comparison of several approaches is attempted. Among others, the first steps towards the formation of regulatory bodies is explained. Moreover, we present a set of modes for classification of regulatory activities. Finally, the role of parliamentary institutions is highlighted and the idea of an 'algorithmic monitor' based on crowdsourcing is proposed. Keywords Regulatory body · Parliamentary research service · Post legislative scrutiny · ENISA · Algorithmic monitor Should advanced algorithms continue to evolve, a structured approach to regulate them should be adopted. In this chapter, the development of regulatory bodies shall be discussed and the pros and cons of different regulatory concepts will be presented , including issues of and opportunities for self-regulation, as well as technical considerations. Several forms of oversight institutions with regards to algorithms have already been established. 1 In a resolution on civil law rules on robotics, the EP expressed its position for the establishment of a "European Agency for robotics and artificial intelligence in order to provide the technical, ethical and regulatory expertise needed to support the relevant public actors." 2 At the same time, the Committee tried to approximate the potential operational framework for this prospective regulatory agency by mentioning a list of possible duties 3 : • Cross-sectorial and multidisciplinary monitoring of robotics-based applications, • Identification of best practice, • Recommendation of regulatory measures, • Definition of new principles, and • Addressing potential consumer protection issues and systematic challenges. 1 A number of references to different proposals for algorithmic regulations, such as an AI watchdog, a Machine Learning Commission, a US FDA (Food and Drug Administration) for Algorithms etc.
CITATION STYLE
Fitsilis, F. (2019). Development of Regulatory Bodies (pp. 55–64). https://doi.org/10.1007/978-3-030-27979-0_4
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