"#processmining has become a standard in many companies as part of #processcontrol in various areas. Previous papers for specific areas have discussed its use to ensure good #governance. This paper proposes generic use cases of process mining in the context of #assurance activities in the three-lines-of-defense model and validates with real corporate data from a multinational company."
“... we provide evidence that setting the risk-weighted ratio at 15\% and the simple leverage ratio at 10% would significantly decrease the probability of default without hampering banks' activities.”
The study investigated how ChatGPT and Bard categorize investor risk profiles compared to financial advisors. While there were no significant differences in the risk scores assigned by the chatbots an
The paper suggests that companies developing high-risk AI systems should demonstrate their safety before deployment, arguing for proactive risk management. It proposes a risk management approach where