FINMA Guidance 08/2024 Governance and Risk Management When Using Artificial Intelligence (Switzerland)
Section 2: Findings from supervision and FINMA's expectations – FINMA Guidance 08/2024 Governance and Risk Management When Using Artificial Intelligence (Switzerland)

FINMA Guidance 08/2024 Governance and Risk Management When Using Artificial Intelligence (Switzerland) 2.7: Separate development from independent review and act on the review's opinion

What does 2.7 require?

The institution keeps the development of AI applications distinct from their independent review and, for material applications, has qualified personnel review the whole model development process independently to identify and reduce model risk consistently, with the review producing an opinion that is objective, informed and free of bias on whether the process is appropriate and reliable for that application and its results fed back into the application's development.

Maintained by Gerard Blokdyk

Other controls in Section 2: Findings from supervision and FINMA's expectations – FINMA Guidance 08/2024 Governance and Risk Management When Using Artificial Intelligence (Switzerland)

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