Cœuré warns of ‘black box’ problem for regulators

Benoît Cœuré
Benoît Cœuré

The growing use of opaque artificial intelligence (AI)-driven methods by banks is creating a problem for regulators, Benoît Cœuré said today (August 19).

The head of the Bank for International Settlements’ innovation hub said a well-known problem in AI was that it could be difficult for a human to understand how an AI model arrived at its conclusions – often called the “black box” problem.

Cœuré drew a parallel to the global financial crisis, when the “complexity and opacity of internal models

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: