This paper addresses the challenges associated with the adoption of #machinelearning (#ml) in #financialinstitutions. While ML models offer high predictive accuracy, their lack of explainability, robustness, and fairness raises concerns about their trustworthiness. Furthermore, proposed #regulations require high-risk #ai systems to meet specific #requirements. To address these gaps, the paper introduces the Key AI Risk Indicators (KAIRI) framework, tailored to the #financialservices industry. The framework maps #regulatoryrequirements from the #euaiact to four measurable principles (Sustainability, Accuracy, Fairness, Explainability). For each principle, a set of statistical metrics is proposed to #measure, #manage, and #mitigate #airisks in #finance.
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