Inside AI Policy

April 12, 2024

American Bankers Assn. offers financial sector approach as a model for AI risk management

By Charlie Mitchell / February 21, 2024

The American Bankers Association touts the financial sector’s approach to artificial intelligence risk management under existing regulatory structures in comments to the National Institute of Standards and Technology, while weighing in on roles and responsibilities for safe and secure AI and other issues NIST is charged with addressing under a 2023 executive order.

“The banking industry is at the forefront of the responsible AI movement due to the mature and flexible risk management framework at its core, which is subject...

Log in to access this content.

Not a subscriber? Sign up for 30 days free access to exclusive news and analysis on artificial intelligence regulations and more.