Observations
Oct 10, 2024In a speech delivered late last month, Nicole Argentieri, head of the Criminal Division of the US Department of Justice (DOJ), announced that the DOJ had updated its corporate compliance guidance to address the risks associated with AI, as reported by the Wall Street Journal.
Compendium
Jun 11, 2024SupTech, short for supervisory technology, leverages innovative digital tools like AI, machine learning, and big data analytics to enhance banking supervision and governance. By integrating these technologies, SupTech aims to provide real-time risk alerts, automate regulatory compliance, and improve data analysis for prudential supervision. SupTech faces challenges such as data quality issues, technical complexities, and the need for cultural transformation within regulatory bodies.
