A Report on Financial Regulations Challenge at COLING 2025 (2412.11159v2)

Abstract: Financial LLMs (FinLLMs) have been applied to various tasks in business, finance, accounting, and auditing. Complex financial regulations and standards are critical to financial services, which LLMs must comply with. However, FinLLMs' performance in understanding and interpreting financial regulations has rarely been studied. Therefore, we organize the Regulations Challenge, a shared task at COLING 2025. It encourages the academic community to explore the strengths and limitations of popular LLMs. We create 9 novel tasks and corresponding question sets. In this paper, we provide an overview of these tasks and summarize participants' approaches and results. We aim to raise awareness of FinLLMs' professional capability in financial regulations.