Tag Archives: risk management

Basel Report Analyzes Risk Factors of AI, Machine Learning in Finance

The growing applications of artificial intelligence and machine learning technology in financial services holds the promise of making the financial system more efficient but may pose new risks in third-party reliance, audit and interconnectedness, according to a report released today by the Basel, Switzerland-based Financial Stability Board.

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OCC Flags Supervision Priorities for 2018

The OCC today released its bank supervision operating plan for fiscal year 2018, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1.

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