Model risk management in the age of AI
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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? And what does AI mean for model risk? At RiskMinds International 2024, we heard from practitioners in the field and explored the future of model risk management in the age of AI.
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- 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