Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...
The desire among financial institutions to better mitigate risk gained renewed prominence as a result of the financial crisis of 2008. Subsequent regulatory and governance requirements fostered ...
The latest set of AI guidance from the Cloud Security Alliance (CSA) explores the importance of Model Risk Management (MRM) in ensuring the responsible development, deployment, and use of AI/ML models ...
Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...
Bo Li, an associate professor at the University of Chicago who specializes in stress testing and provoking AI models to uncover misbehavior, has become a go-to source for some consulting firms. These ...
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