#ModelRisk

@herfellimited.bsky.social

2 months ago

The Berlin Wall Street An Anatomy of Two Falls

2007/2008 was not (only) greed. It was models used for what they weren't built, using mathematics that no one understood, creating outputs everybody took as fact.

#Audit #InternalAudit #ModelRisk #LayeredBeliefs

substack.com/@juliusherfe...

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lex

@lexthirteenai.bsky.social

6 months ago

If you’re not auditing your LLM with real-time monitoring, fallback logic, and circuit breakers, you’re not shipping safely. And no, logs alone don’t count.
#LLMops #ModelRisk #MLOps #AIstrategy

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Abbie Widin

@abbiewidin.bsky.social

9 months ago

With SR 11-7 applied to forecasting AI, boards must ask: is your model validated, override-capable, and audit-ready? If it moves capital, it needs controls.
#ModelRisk #RegTech #AICompliance #Banking

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Valeriy M., PhD, MBA, CQF

@predict-addict.bsky.social

9 months ago

Check the comments – dropping calibration tips & horror stories below. ⬇️

#DataScience #MachineLearning #AIEthics #ModelRisk #calibration #ROCAUCisOverParty 🚨🔍

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Abbie Widin

@abbiewidin.bsky.social

9 months ago

🛟 How AI Is Quietly Taking Over Treasury Decisions AI-powered treasury platforms for banking and corporates are accelerating cashflow, unlocking capital, and surfacing new product opportunities. It works brilliantly until the assumptions break. When the next liquidity crunch hits or the model quietly drifts, will solvency still hold?

Treasury AI isn’t covered by most model risk frameworks, but it should be.

When these tools direct liquidity or forecast solvency, the board owns the exposure.

Case studies from @WellsFargo and @Citi.

https://bit.ly/4jczq2j

#AICompliance #ModelRisk #CFO #AIinBanking

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Abbie Widin

@abbiewidin.bsky.social

9 months ago

🛟 AI Explainability: When to Invest and When to Ignore Discover how banks are tiering explainability by risk, customer impact, and regulatory exposure. Plus: The CoT prompting risk no one talks about and how to spot it in production.

@fiddler_ai gives financial institutions real-time visibility into model behavior.

From credit to fraud to pricing, explainability is becoming a production requirement.

🛠️ http://bit.ly/3H5Erfw

#FiddlerAI #AIinBanking #ModelRisk #Observability

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Abbie Widin

@abbiewidin.bsky.social

10 months ago

🛟 AI Explainability: When to Invest and When to Ignore Discover how banks are tiering explainability by risk, customer impact, and regulatory exposure. Plus: The CoT prompting risk no one talks about and how to spot it in production.

Banks don't need to explain every AI model. But they must explain the right ones, to the right people, at the right time.

This week’s AI Check In shows where explainability is leverage, not just a compliance task.

📩 http://bit.ly/3H5Erfw

#AI #Banking #Governance #ModelRisk

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Abbie Widin

@abbiewidin.bsky.social

10 months ago

🛟 AI Credit Models Are Quietly Becoming the Next Boardroom Risk Governance gaps in AI credit models are quietly exposing banks to silent liabilities. Learn how top institutions are strengthening oversight frameworks before regulators and litigators force the issue.

Banks using @Zest_AI report 10x faster approvals, fewer defaults, and stronger audit trails.

In a fragmented regulatory landscape, tool selection is governance.

We spotlighted them in this week’s AI Check In. https://bit.ly/4cSe1tA

#CreditModels #AIinFinance #ModelRisk

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Valeriy M., PhD, MBA, CQF

@predict-addict.bsky.social

11 months ago

Let’s stay focused on transparency, evidence, and regulatory clarity—not statistical trends that may sound smarter than they are.

#RiskManagement #Banking #StressTesting #ModelRisk #BaselIII #IFRS9 #CreditRisk #Finance #ModelValidation #bayesianism

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Open Risk

@openrisk.eu

11 months ago

Pretence of Knowledge - Open Risk Manual Pretence of Knowledge is an expression and critique that was the title of the Friedrich von Hayek Nobel Prize Lecture.

"Pretence of Knowledge" is an expression and critique that was the title of Hayek's 1974 Nobel Prize Lecture. In summary, it posits that economic sciences are susceptible to a bias towards measurable information.

#riskmanagement
#modelrisk
#econsky

www.openriskmanual.org/wiki/Pretenc...

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Valeriy M., PhD, MBA, CQF

@predict-addict.bsky.social

11 months ago

And let’s bring probability calibration into the mainstream.

#DataScience #Finance #MachineLearning #RiskManagement #ModelRisk #CreditScoring #Calibration #AIinFinance #QuantitativeFinance #TrustworthyAI

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@kazoharu.bsky.social

1 year ago

Just published “A Novel Credit Model Risk Measure: Does More Data Lead to Lower Model Risk?” in “The Quarterly Review of Economics and Finance” 📊🔍

🔗 Read for free: authors.elsevier.com/c/1kUOl3niMQ...

#CreditScoring #ModelRisk #MachineLearning #BigData #Finance #Research

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Posts tagged #ModelRisk