Few banks formally evaluate GenAI human-in-the-loop controls
Risk Benchmarking: G-Sibs and challengers use tools to test controls efficacy; others rely on judgement
This piece is part of a series benchmarking bank model risk management practices. Risk Management subscribers can view selected cuts of the underlying data here. Sign up for Risk Benchmarking emails here.
Only one in five banks use tools to formally monitor the effectiveness of the human-in-the-loop (HITL) controls they apply to generative AI or large language models (LLMs), Risk Benchmarking’s
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