Banks split over AI risk management
Model teams hold the reins, but some argue AI is an enterprise risk
As banks race to adopt artificial intelligence, a debate is raging within the industry over how AI risks should be managed.
Banks generally fall into one of two camps: those that treat AI as a model risk that needs to be managed by specialised teams; and those that view it as an enterprise risk that should be overseen by senior leadership.
“The biggest quandary that people are having, as you try to
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