Member Steve Osborn was quoted in a 9fin article examining compliance concerns related to AI technologies and the steps being taken by regulators and leveraged credit market participants. The article highlights differing views among companies about whether AI could introduce decision bias, particularly in areas like underwriting.

Steve says, “We have found some concern among financial services clients that if regulators could question how a financial decision was made, or whether it was shaped by generative AI in a way that violates existing laws, you’re going to have reputational and actual regulatory risks there.”

Source

9fin