Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...
It is a truism that AI models evolve faster than static legislation. Consequently, it could be argued that the real guardrails for AI adoption may emerge through litigation, liability, and ...
Aerospace and Mechanical Insider on MSN
Inside the EU’s groundbreaking AI regulation
On June 13, 2024, the European Union unveiled the world’s first comprehensive legislation dedicated to artificial ...
“AI is too important not to regulate—and too important not to regulate well,” says Google. It is highly likely that Artificial Intelligence will be regulated. In many ways, it already is. The EU’s AI ...
OSFI Releases Final Guideline E-23 for Model Risk Management and AI Use by Federally Regulated Finan
On September 11, 2025, as part of its quarterly release of regulatory changes, the Office of the Superintendent of Financial Institutions Canada (OSFI) published its final version of Guideline E-23 ...
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