For decades, Model Risk Management (MRM) has been a cornerstone of financial services risk practices. In banking and insurance, model risk frameworks were designed to control the risks of internally built, rule-based, or statistical models such as credit risk models, actuarial pricing models, or stress testing frameworks. These practices have served regulators and institutions well, providing structured processes for validation, monitoring, and documentation.
The European Union (EU) AI Act became effective in August 2024, after years of negotiations (and some drama). Since entering into force, the AI Act’s implementation has been somewhat bumpy. The initial set of obligations for general-purpose AI (GPAI) providers took effect in August 2025 but the voluntary Code of Practice faced multiple drafting delays. The finalized version was released with less than a month to go before GPAI providers needed to comply with the law.
The Trump Administration released “Winning the AI Race: America’s AI Action Plan” (AI Action Plan) on July 23, 2025. The AI Action plan was published in accordance with the January 2025 Removing Barriers to American Leadership in AI Executive Order. The AI Action Plan proposes approximately 90 policy recommendations within three thematic pillars: Pillar I addresses […]
Anastassia Kornilova is the Director of Machine Learning at Trustible. Anastassia translates research into actionable insights and uses AI to accelerate compliance with regulations. Her notable projects have involved creating the Trustible Model Ratings and AI Policy Analyzer. Previously, she has worked at Snorkel AI developing large-scale machine learning systems, and at FiscalNote developing NLP […]
In the early hours of July 1, 2025, the Senate overwhelmingly voted to strip the proposed federal moratorium on state and local AI laws from the Republican’s reconciliation bill. The moratorium went through several re-writes in an attempt to salvage it, though ultimately 99 Senators supported removing it from the final legislative package. While the political […]
The rapid evolution of artificial intelligence—with continuous advancements in models, policies, and regulations—presents a growing challenge for AI governance teams. Organizations often struggle to determine when governance intervention is necessary in order to balance risk oversight without imposing excessive compliance burdens. This eBook introduces the concept of “AI Governance Triggers” to provide clarity on the specific AI model events that should prompt governance activities.
Data governance is a key component of responsible AI governance, and it features prominently in every emerging AI regulations and standards. However, “data” is not a monolithic concept within AI systems. From the massive datasets collected for training large language models (LLMs), to user feedback loops that refine and improve outputs, multiple “data streams” flow through any modern AI application.
When many technical personas hear the term monitoring, they often think of internal monitoring of the AI system.
Trustible developed an AI Stakeholder Taxonomy that can help organizations easily identify stakeholders as part of the impact assessment process for their high-risk use cases
On July 11, 2024, the New York Department of Financial Services (NY DFS) released its final circular letter on the use of external consumer data and information sources (ECDIS), AI systems, and other predictive models in underwriting and pricing insurance policies and annuity contracts. A circular letter is not a regulation per se, but rather a formalized interpretation of existing laws and regulations by the NY DFS. The finalized guidance comes after the NY DFS sought input on its proposed circular letter, which was published in January 2024.
