Скачать или смотреть Managing AI Risks in Finance based on Guidance Document from German BaFin

This excerpt from a guidance document issued by the German Federal Financial Supervisory Authority (BaFin) provides non-binding assistance to financial companies, in particular CRR institutions and Solvency II insurance companies, on implementing relevant regulatory requirements of the Digital Operational Resilience Act (DORA) when using artificial intelligence (AI). The focus is on ICT risk management for AI systems, considering ICT risks throughout the entire AI lifecycle – from development and testing to operation, decommissioning and cybersecurity. The document highlights the importance of governance structures and the proportionality of measures based on the criticality of AI applications, particularly with regard to cloud usage and third-party ICT risk.