Discover the implications of RBI's AI model risk draft for banks and fintechs. Learn how it impacts governance and compliance ...

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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 ...

RBI's new AI governance rules for banks place significant accountability on financial entities for all predictive models, ...

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

CHEN XIAOGEN/FOR CHINA DAILY China's listed banks are ramping up the adoption of artificial intelligence, accelerating deployments in the first half as they seek to boost efficiency, enhance customer ...

Risk models at Credit Suisse had flagged the dangers before their $5.5 billion Archegos loss. Silicon Valley Bank's risk metrics showed clear warnings before their collapse. In both cases, ...