Article ID: f5786445e1315076c8fdd4ac43c3510dc1fe7427e63a9eb08d7ea858e6cb7da4
Source ID: regulatory:risk.net
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Extraction Method: trafilatura
URL: https://www.risk.net/risk-management/7963399/barclays-built-a-risk-framework-for-genai-from-scratch
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Barclays built a risk framework for GenAI from scratch Eleven teams contribute to assessing generative AI use cases in a system that includes 35 controls When Jason Tuo joined Barclays as global head of artificial intelligence governance in 2023, the bank – like most of its peers – was experimenting with generative AI, but without a formal governance or control framework. Two-and-a-half years later, in the first quarter of this year, Barclays implemented a firm-wide governance regime built specifically for GenAI and engineered to accommodate the 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 Four in five banks use AI to manage op risks Risk Benchmarking: Cyber risk use cases growing; governance and ROI doubts give some pause Mention markets could be the gap in CFTC prediction rules Proposal clamps down on most – but not all – contracts that are decided by individuals’ actions Build, or buy: banks still don’t love their GRC vendors Risk Benchmarking study finds a record number of firms reviewing tech provision for top op risks, amid touted wave of AI-led self-builds Top quants on how AI will change some jobs and steal others Coding skills will matter less and research skills more, say quants in Risk.net straw poll How quants are getting the most out of Claude Agentic tools boost productivity by multiples, but using them takes skill EU banks welcome high-risk systems breather from delay in AI act But chatbot transparency still applies from August, requiring deployers to disclose use to customers AI use fastest-growing area of op risk regulatory scrutiny Risk Benchmarking study finds EU AI Act the dominant driver of nascent bank risk frameworks, even well beyond Europe’s borders On cyber risk, tech debt is big banks’ top challenge Risk Benchmarking: Fragmented stacks make identifying vulnerabilities harder; manual workarounds increase human errors
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