The impact of AI adoption on supervisors

The increasing adoption of artificial intelligence (AI) has seen an anticipated parallel rise in calls for AI control, governance and supervision. As a result, industry and regulatory bodies have published several sets of guidelines and principles encouraging best practice, self-governance and self-regulation in the development and use of AI models (see references below).

Yet, as the finance industry at large continues to grapple with the practical commercialisation of AI, let alone adherence

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