During 2022 I had the pleasure of participating on a series of workshops discussing the challenges in AI applied to financial institutions. I was part of a group of 30 professionals from industry and academia. The forum was organized by the Office of the Superintendent of Financial Institutions (OSFI), Canada’s prudential banking regulator. These discussions will inform the future regulation in the area that OSFI is targeting for release later in the year.
The report discusses the EDGE model for financial institutions: Ethics, Data, Governance, and Explainability. It aims to provide general guidelines to strike the right balance between regulation and innovation. I greatly enjoyed all discussions that led to this report, in my minor capacity as participant.
Give it a read in this link.
