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Treasury Releases Two New Resources to Guide AI Use in the Financial Sector
This page summarizes a release about resources designed to support responsible use of AI in the financial sector. It explains what readers typically look for in such guidance and how it can be applied in risk management and compliance programs.
What the Resources Are For
- Risk management: identify and control model risk, bias, and operational risks.
- Governance: clarify roles for oversight, approvals, and ongoing monitoring.
- Transparency: improve documentation, testing, and decision traceability.
- Security: address adversarial threats and data protection considerations.
Key Topics Covered in AI Guidance
- Model validation and performance monitoring over time
- Data quality, privacy, and appropriate use of sensitive information
- Vendor risk management and third-party model controls
- Incident response planning and escalation paths