Jeremy Bacharach’s Post

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Associate at Lenz & Staehelin | Dr. iur.

Pleased to share our latest L&S Insight, which Ariel Ben Hattar, Valérie Menoud and I co-authored, analyzing FINMA’s new guidance for the use of #AI by Swiss financial institutions.

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On 18 December 2024, FINMA released Guidance 08/2024 on governance and risk management for artificial intelligence (AI) applications in supervised financial institutions. This new guidance outlines best practices for identifying and managing risks associated with AI. It builds on FINMA's earlier guidance in its 2023 Risk Monitor, which briefly addressed the use of AI in the financial sector. Read more: https://lnkd.in/dwTKubed.

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