Cyber & IT Supervisory Forum - Additional Resources

Organizations can document the following: Transparency & Documentation

Who is ultimately responsible for the decisions of the AI and is this person aware of the intended uses and limitations of the analytic? Who will be responsible for maintaining, re-verifying, monitoring, and updating this AI once deployed? Who is accountable for the ethical considerations during all stages of the AI lifecycle? To what extent are the established procedures effective in mitigating bias, inequity, and other concerns resulting from the system? Does the AI solution provide sufficient information to assist the personnel to make an informed decision and take actions accordingly? WEF Model AI Governance Framework Assessment 2020. WEF Companion to the Model AI Governance Framework- 2020. Stakeholders in Explainable AI, Sep. 2018. AI policies and initiatives, in Artificial Intelligence in Society, OECD, 2019. AI Transparency Resources Bd. Governors Fed. Rsrv. Sys., Supervisory Guidance on Model Risk Management, SR Letter 11-7 (Apr. 4, 2011) Off. Comptroller Currency, Comptroller’s Handbook: Model Risk Management (Aug. 2021). The Office of the Comptroller of the Currency. Enterprise Risk Appetite Statement. (Nov. 20, 2019). Retrieved on July 12, 2022. References

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