This event builds on our previous marcus evans Model Risk events but focuses on the various risks associated with AI, largely though not entirely AI models. The primary reason this is so topical is a set of incoming regulations and regulatory proposals, including an EU AI proposal expected to come into force perhaps sometime in 2023, and a PRA report leading into regulation. Furthermore, in general, financial institutions face increased risks and regulatory scrutiny as a result of developing and using complex AI models. These models are often difficult to manage and validate, as well as to incorporate into risk management and validation. Beyond this, AI also raises or exacerbates many ethical issues such as bias and privacy, which are not only inherent concerns but play into issues of compliance and reputational risk. The conference will also touch on third-party risks, which are brought into AI due to the risk of cyber-attacks as well as the concentration risk due to the large quantities of data required for AI and subsequent reliance on cloud storage

This marcus evans event will present the experiences of best-in-class industry professionals to help delegates implement AI systems and mitigate AI risk. It will include in-depth sessions addressing emerging regulatory standards, validation and monitoring strategies, AI risk management and governance, ethics and data privacy and mitigating third-party and cyber risk. This meeting will provide attendees with practical insight into how to update their risk management and governance frameworks to meet the demands imposed by the ever-increasing use of AI and machine learning.

Key Sessions:

1. Adapt to the emerging regulatory focus on AI and model risk

2. Ensure effective validation and ongoing monitoring of AI models

3. Incorporate AI into risk management and governance frameworks

4. Maintain ethics and privacy standards within AI and data usage

5. Manage the risks involved with vendor and third-party models

Will you be able to join us? Click here for more info, or send an email to Ayis Panayi ayisp@marcusevanscy.com.