Bank for International Settlements (BIS) report outlines governance framework for AI in central banks

Bank for International Settlements (BIS) report outlines governance framework for AI in central banks

Bank for International Settlements (BIS) report outlines governance framework for AI in central banks

A new BIS report offers a governance and risk management framework for AI adoption in central banks, highlighting opportunities in areas like data analysis and payments, alongside risks such as data security and model errors. It recommends ten key actions for ensuring secure AI integration and emphasises an adaptive approach.

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