Webcasts
Webcast Live: Modern Risk Management for Fair AI Models - Making AI Responsible
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To measure and mitigate Model Risk, banks have established extensive and complex Model Risk Management (MRM) approaches. However, with the increasing use of Artificial Intelligence (AI) and Machine Learning (ML), a comprehensive adaptation of this Model Risk approach becomes essential.
Despite a wide range of undisputed benefits, AI/ML approaches come along with their own specific inherent risks that are not yet adequately addressed in the existing Model Risk Management frameworks.
In this webcast the speakers will present the challenges/ risks and regulatory requirements in using AI/ML and how the Model Risk Management Framework should be adapted to mitigate those risks. In addition, we would like to focus on "Fair Machine Learning" in detail and discuss challenges and solutions based on practical examples.