Accountability for GenAI

Generative AI (GenAI) continues to evolve quickly and shows great promise for financial institutions. But here’s the catch: senior management regimes, like SM&CR and SEAR, hold ‘Senior Executives’ accountable for compliance, not machines. So, how do SMFs/SEFs tick all the boxes which (in the EU) are written into the new EU AI Act or (in

Compliance and chatGPT

RegTech promises to turn policy documents to rule sets that describe what good looks like in the operational language of the systems used by the business. AI can play a role in applying controls, but it needs to be carefully supervised so that the humans are in the loop and overseeing the code. Experts at