Rather than trying to police the way banks' artificial intelligence models are designed, regulators should assess the results they produce, and make sure they adhere to existing consumer protection ...

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Many countries, including the United States, use forms of performance-based regulation to promote safety and reduce risk in high-hazard industries. The term “performance-based” is often used to refer ...

The Reserve Bank of India (RBI) is embarking on a significant transformation in its regulatory approach, according to the central bank's Deputy Governor M Rajeshwar Rao. The central bank is gradually ...