Nos derniers articles

Companies use #ai tools for #hr decisions, but they face a balance between benefits and #risks. With limited federal #regulation and complex state laws, employers seek guidance. The #model#riskmanagement#mrm framework, adapted from #finance, aids in managing #airisks for #employment choices. Proportionality lets employers adjust validation to risks and tech changes. Objective analysis and a competent MRM team ensure AI tools align with design and legal requirements, fostering trust and #compliance.

#financialinstitutions are increasingly using #machinelearningalgorithms for credit risk mgmt., #fraudprevention, and #aml. This paper presents robust evidence of using logistic regression, linear discriminant analysis, and neural networks for accurately predicting and classifying financial transactions for Volcker Rule #compliance. It provides a scalable minimum viable product to automate #controls testing.

This study explores the use of #ai #foundationmodels, specifically #chatgpt, in #auditing #esgreporting for #compliance with the #eu #taxonomy.

This paper explores the evolving role of #compliance in #digitaltransformation (#dt), as corporations globally embrace technology to enhance competitiveness and address responsible, #ethical, and #sustainable practices. It analyzes the current and potential role of Compliance in DT, emphasizing the need to manage #governance, #risk, and compliance aspects and leverage #esg objectives. The authors conducted interviews with Compliance heads and facilitated a Salon attended by General Counsel and Compliance professionals. The purpose is to encourage international discussions on Compliance's role in digital transformation.

This article highlights the importance of #cybersecurity in contemporary business models and the need for #legal practitioners and #it professionals to work together to assess the extent to which #privacy and #security measures qualify as "appropriate" in the context of #liability #claims and actions for #damages. The article provides guidance on how to move from technical insight to legal #compliance.

This paper discusses the efficiency, effectiveness, and costs of #denmark's #antimoneylaundering (#aml) #compliance standards. Although the country has caught up with international standards, the current global AML compliance system is ineffective in deterring #moneylaundering by professional actors. The system imposes significant costs on #banks and society, while spending too much time on minor infractions. To improve the system, the author argues for a #risk-based approach that automates large portions of the compliance process and allows compliance staff to focus on investigations.

As more #laws and #legal norms are introduced to enforce #esg standards, directors are required to ensure that their corporation complies with these standards. This encroaches on the #fiduciary relationship between directors and the corporation and weakens the Business Judgment Rule (#bjr) as directors must operate within the law and implement #compliance systems to keep up with the growing #esggoals.

"... model uncertainty is a vital component of the current challenges in risk measurement, and therefore the regulator should design risk measures encouraging well-understood prudent decisions over (less understood) risky ones. From this perspective robust regulation should be a desirable goal. To achieve such an objective, simple – but not simpler – rules are needed."

"This architecture will improve board of directors’ decision-making, strengthen compliance and risk management protocols, empower gatekeepers such as lawyers and accountants to better monitor, and enhance the social contract between business and society. "

"... compares two industries where legislative requirements differ, but it finds the same pattern: the ideals of enterprise risk management are being not implemented in practice."