A third of banks do not maintain logs for GenAI models
Risk Benchmarking study finds few banks review prompt logs systematically, with larger firms focusing on higher risk use cases
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 firm responding to Risk Benchmarking’s inaugural Model Risk Management (MRM) study – a specialist European lender – says it registers and reviews a complete record of the production
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