When Model Risk Management Meets Generative AI
Year: 2026
Type: preprint
Abstract: Model risk management was designed for deterministic statistical models, and 2026 regulation is openly acknowledging that it does not fit generative AI: US SR 26-2 excludes it, the UK keeps SS1/23 technology-neutral, and the EU AI Act mandates tamper-evident logging from August. Validators now need replayable lineage and an independently verifiable record, not paperwork the bank produced about itself. The Open Audit Record, a subsystem of the Mickai SIOS, signs every action before it executes into a post-quantum hash-chained ledger a regulator can verify offline without trusting the institution.Originally published at https://mickai.co.uk/articles/model-risk-management-meets-generative-ai. Mickai is a Sovereign Intelligence Operating System; the Open Audit Record signs every artificial intelligence action before it executes, post-quantum and offline-verifiable. 101 filed UK patent applications, Mickai LTD (Companies House 17166618).
Author: Irons, Micky
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7164649782
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