Model Risk Management 2.0: Translating MRM Principles to Generative AI
TL;DR: Traditional Model Risk Management (MRM) still applies—governance, validation, monitoring, change control—but generative AI (GenAI) adds new moving parts (prompts, retrieval, agents, tool-calls, content risks) and faster vendor updates. This playbook adapts core MRM to GenAI so you can ship value while staying audit-ready. 1) What “counts as a model” in GenAI (broaden your inventory […]










