The central bank's draft guidelines require board-approved model risk frameworks, stronger oversight of AI models and ...

The Reserve Bank of India has released a draft circular proposing a comprehensive risk management framework for AI and ...

The latest set of AI guidance from the Cloud Security Alliance (CSA) explores the importance of Model Risk Management (MRM) in ensuring the responsible development, deployment, and use of AI/ML models ...

With the 2011 standard now superseded, KDOA and its Model IQ platform help banking organizations map their model risk programs to the revised guidance, and govern the AI models the regulators ...

The RBI has proposed a comprehensive regulatory framework to govern the use of artificial intelligence and other ...

Key insight: Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many concerns about artificial intelligence, and especially agentic AI, ...

Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial industry. On April 17, the Federal Reserve issued SR 26-2, its revised ...

For fifteen years, model risk professionals have lived under the long shadow of the 2011 guidance commonly known as SR 11-7. It became the benchmark for model governance, validation, documentation, ...

The Founder and Principal Researcher at Gazillion Labs is combining bounded stochastic price modeling, market microstructure, ...

Every major consultancy is selling an AI governance framework right now. The market is crowded: maturity models, policy templates, ethics checklists, responsible AI principles. Most of them are ...