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The Bank of England and the Financial Conduct Authority have released a report on Artificial intelligence, surveying participants in the UK financial services sector (report 2024-11-21 - 29 pages). The report highlights respondent’s views on the benefits and risks of AI, use cases including “data and analytical insights, anti-money laundering (AML) and combating fraud, and cybersecurity.” From the report: ...

Article: What you need to know about NIST’s AI Risk Management Framework published in January 2023 Want to know more about the NIST CSF 2.0? See Lines of Defence’s outline on NIST CSF 2.0 Framework Related pages

WEF report: Global Risks Report 2023 | WEF Launch event (video)

WEF report: Global Risks Report 2022 | WEF

Excerpts Certainly, non-financial risks have always existed. However, it’s only relatively recently that the way we conceive of risk has broadened beyond traditional risks (such as credit risk, competition and market factors) to include operational risks, conduct risks, compliance risks and cyber risks, as well as environmental, social and governance (ESG) factors. Guide Article: Accountants are pivotal in identifying and managing non-financial risk Download: Guide to non-financial risks (PDF) by the Chartered Accountants Australia and New Zealand ...