Banks building GenAI governance in parallel to model risk
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Risk Benchmarking: Majority have established AI governance committees, but ownership is fragmented
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.
Banks have moved rapidly to put the functional governance apparatus for generative AI models in place: three-quarters of banks responding to Risk Benchmarking’s Model Risk study have a standing
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