Article ID: 35f532b6e0435ac61add49e0a0ca2ea87fad5c5acf870e8dc93039fe31e00021
Source ID: regulatory:risk.net
Published At: -
Extraction Method: trafilatura
URL: https://www.risk.net/risk-management/7963313/model-risk-in-the-age-of-generative-ai
Body Text
The dizzying rise of artificial intelligence tools such as Anthropic’s Claude and OpenAI’s ChatGPT has risk managers wrestling with an existential question: when is a model not a model? Banks are deploying generative AI for a growing number of tasks from the mundane to the miraculous: writing emails, assessing credit risk, predicting trade fails. Executives are now having to decide whether Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact info@risk.net to find out more. You are currently unable to copy this content. Please contact info@risk.net to find out more. Copyright Infopro Digital Limited. All rights reserved. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy. If you would like to purchase additional rights please email info@risk.net Copyright Infopro Digital Limited. All rights reserved. You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5. If you would like to purchase additional rights please email info@risk.net More on Risk management NeoClear enters battle for euro swaps clearing Paris-based CCP to challenge Eurex and LCH with planned 2027 launch Abaxx: meeting the need for new commodity derivatives Abaxx revamps commodity hedging with a suite of modern contracts Op risk data: Corporate spies spell trouble for BBVA Also: BofA buttonholed for alleged Epstein links; minority shareholders take a bite of Brookfield. Data by ORX News Asian banks close out energy clients as Iran war bites Firms with short jet fuel positions faced losses up to $100 million as initial margin soared 566% Don’t mention the rules: the fight against prediction market abuse For the CFTC to regulate new venues effectively, it must first redefine insider trading AI risk management and the shift to capability control By reframing validation, banks can align innovation with regulatory demands and maintain robust risk discipline, argues risk manager Banks eye agentic AI to streamline KYC workflows Execs from ING, JP Morgan and Standard Chartered tell how they plan to tap AI to optimise onboarding Tokenised commodities could help oil the machine Shifting physical assets onto the blockchain eases collateral frictions, argues crypto expert
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