The central bank's draft guidelines require board-approved model risk frameworks, stronger oversight of AI models and ...

RBI has proposed a draft Model Risk Management Framework requiring banks and financial institutions to set up board-approved ...

Banks are rethinking liquidity management as regulation, technology and market dynamics reshape risk. Learn how banking execs are responding to the forces impacting liquidity while strengthening ...

The draft framework calls for strong human oversight of all AI-driven decision-making and says no AI model should operate ...

The Reserve Bank of India has released a draft circular proposing a comprehensive risk management framework for AI and ...

By Gopika Gopakumar MUMBAI, June 24 (Reuters) - India's central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating ...

Core banking modernization succeeds through phased, API-driven transformation—not risky “rip-and-replace” projects—reducing ...

For most of modern banking history, financial institutions have been designed to respond. A customer applies for a loan, and ...

CHEN XIAOGEN/FOR CHINA DAILY China's listed banks are ramping up the adoption of artificial intelligence, accelerating ...

The global banking sector is navigating unprecedented challenges volatile markets, evolving regulatory demands, and increasing customer expectations for speed and accuracy. Traditional risk assessment ...

Risk models at Credit Suisse had flagged the dangers before their $5.5 billion Archegos loss. Silicon Valley Bank's risk metrics showed clear warnings before their collapse. In both cases, ...

Are the warnings about Anthropic's Claude Mythos AI model real or overblown? Bank CEOs met this week with Anthropic executives, Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent ...