Lloyds draws a (second) line on AI risk
Model risk office is accountable for managing the risk of AI roll-out at the UK bank
The model risk office at Lloyds Banking Group has been given ultimate responsibility for the roll-out of artificial intelligence systems in a move designed to ensure clear accountability for managing the hazards associated with the new technology.
“We have true accountability with our second line, in the model risk office,” said Suzanne Brink, the group’s head of responsible AI, at an industry
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