AI
Model risk management in the age of AI
As new risks arise, model risk managers need to assess which models are fit for purpose and recognise their limitations. AI adoption is one of such risks – how will it impact regulatory compliance? What does AI mean for model risk?
In this report, we summarise key messages from practitioners presenting at RiskMinds International 2024. Access insights on:
- New approaches to model risk management
- AI model regulation and challenges
- Updated risk frameworks for AI model validation
- The 3-step plan for efficient model risk management