Article ID: 88559cc4ce113644b9414474035d7ed9dd9b998568f0b399862f856a014cd838
Source ID: regulatory:risk.net
Published At: -
Extraction Method: trafilatura
URL: https://www.risk.net/risk-management/7962914/banks-split-over-ai-risk-management
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Banks split over AI risk management Model teams hold the reins, but some argue AI is an enterprise risk As banks race to adopt artificial intelligence, a debate is raging within the industry over how AI risks should be managed. Banks generally fall into one of two camps: those that treat AI as a model risk that needs to be managed by specialised teams; and those that view it as an enterprise risk that should be overseen by senior leadership. “The biggest quandary that people are having, as you try to 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 Market doesn’t share FSB concerns over basis trade Industry warns tougher haircut regulation could restrict market capacity as debt issuance rises CGB repo clearing is coming to Hong Kong … but not yet Market wants at least five years to build infrastructure before regulators consider mandate Rethinking model validation for GenAI governance A US model risk leader outlines how banks can recalibrate existing supervisory standards FCMs warn of regulatory gaps in crypto clearing CFTC request for comment uncovers concerns over customer protection and unchecked advertising UK clearing houses face tougher capital regime than EU peers Ice resists BoE plan to move second skin in the game higher up capital stack, but members approve The changing shape of variation margin collateral Financial firms are open to using a wider variety of collateral when posting VM on uncleared derivatives, but concerns are slowing efforts to use more non-cash alternatives Repo clearing: expanding access, boosting resilience Michel Semaan, head of RepoClear at LSEG, discusses evolving requirements in repo clearing The state of IMA: great expectations meet reality Latest trading book rules overhaul internal models approach, but most banks are opting out. Two risk experts explore why
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