Supervisors see promise in AI but warn data remains key
IMF’s “StatGPT” project has promise but data problems are hard to solve, Regnology panellists say
Artificial intelligence could help supervisors overcome major challenges, but data remains a stumbling block, speakers at a major technology conference said.
Speakers at Regnology’s annual convention in Frankfurt today (November 21) said AI could bring huge benefits, but pointed to some stubborn problems. Most jurisdictions struggle with the wide array of systems in use at banks, which makes it difficult to design software to automate regulatory data collection. Many still rely on templates
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