A third of banks do not maintain logs for GenAI models
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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. 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 prompts and outputs for the generative artificial intelligence models it currently
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