Former regulator urges new approach to AI explainability
Ex-OCC chief Michael Hsu suggests shift from academic analysis to decision-based techniques
Former acting US comptroller of the currency Michael Hsu has called for banks and regulators to rethink how they handle the explainability challenge around large language models. He wants to see them take a more decision-focused approach that exploits the unique nature of LLMs.
Explainability – the ability to follow the logic that leads to the outputs from artificial intelligence – has been one of the biggest hurdles to LLM adoption among banks. By design, LLMs involve a vast number of input
More on Risk management
LNG trading strategies set to change amid major market shifts
The global LNG market is on the brink of significant changes set to alter trading dynamics and market behaviour, say analysts
Why commodity finance is ripe for stablecoin
Digital currency brings cost efficiencies to financing, but its real benefit to commodity firms lies in making huge pools of new capital available, write Jean-Marc Bonnefous and Ronan Julien
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Past disasters can prove the value of energy risk management
Analysing failures and losses at energy firms can underscore the value of consistent, high-quality risk management
How quants shaped the modern energy markets
The business models of today’s utility firms are built on quantitative analysis, but the introduction of these techniques in the 1990s was far from smooth
Interview: Vince Kaminski
Market veteran Vince Kaminski discusses the biggest risks to energy firms today and whether risk teams can ever prove their value
Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers