In this course, we discuss some of the key barriers to AI adoption and the pivotal role that effective risk management can play in enabling regulated firms to harness the power of AI and innovate with confidence. We also explore how regulators have been responding to AI solutions, and highlight their key expectations and areas of focus.
We conclude by reflecting on the challenges that AI poses for regulators and how they might respond. We explore how machine learning and artificial intelligence (AI) solutions are transforming risk management. A nontechnical overview is first given of the main machine learning and AI techniques of benefit to risk management.