A New Approach to Measuring AI Bias in Human Resources Functions: Model Risk Management

Companies use #ai tools for #hr decisions, but they face a balance between benefits and #risks. With limited federal #regulation and complex state laws, employers seek guidance. The #model #riskmanagement #mrm framework, adapted from #finance, aids in managing #airisks for #employment choices. Proportionality lets employers adjust validation to risks and tech changes. Objective analysis and a competent MRM team ensure AI tools align with design and legal requirements, fostering trust and #compliance.

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Keep Calm and Bank on: Panic-Driven Bank Runs and the Role of Public Communication

Information about #fdic #insurance and communication about #bank #stability by the #federalreserve can reassure depositors and mitigate #bankruns, while communication from political leaders only influ

Natural Disaster Risk and Firm Performance: Text Mining and Machine Learning Approach

Advanced #machinelearning models were found to be more effective than #linearregression in predicting firm performance under #naturaldisaster #risks. The study suggests that textual data in #financial

Evolution of Cybersecurity Disclosure

#regulators recently issued #cybersecurity #disclosure guidelines to enhance #transparency and #accountability among firms. A study analyzed cybersecurity disclosure practices among a sample of Toront