Alexey Rubtsov

The last decade has witnessed a large-scale adoption of Artificial Intelligence and Machine Learning (AI/ML) models in finance. Although there are many benefits that AI/ML can bring to financial services (e.g., higher accuracy, automation), it could also introduce new and amplify existing risks. In this respect, financial regulators around the world are currently working on regulatory requirements that AI/ML models should satisfy when applied by financial institutions. In this presentation we discuss some most recent developments on AI/ML model risk management.

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