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Interview July 10, 2024

Mastering AI Model Risks Amid Evolving Regulations

Karolos Korkas, Head of Algorithmic Trading Model Validation, NomuraLinkedIn profile for Karolos Korkas

Explore the evolving landscape of AI model risks as you unveil cutting-edge strategies to navigate the complexities and stay ahead of rapidly changing regulations in the banking industry.
  • Establish robust AI governance frameworks to address the broad implications of AI across various sectors and ensure compliance with evolving regulations.

  • Tailor risk assessment approaches to the complexity and usage of AI applications, recognizing the varying risk profiles.

  • Implement rigorous testing and continuous monitoring to maintain transparency and explainability of AI models, mitigating risks before and after deployment.

  • Navigate ethical and compliance challenges by balancing innovative AI applications with responsible use and adherence to regulatory standards.

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