Published Article: Justifying fair use of data in credit risk
21 September 2021 | Written by 4most
4most was recently invited to publish an article by the Global Risk Regulator (part of the Financial Times) on justifying fair use of data in credit risk.
You can check out the published article here: Published Article: Fair enough? Justifying fair use of data in credit risk
“While fairness is a concept we learn from an early age, it is difficult to encode what it is, specifically, that justifies whether a decision is ‘fair’ from a legal perspective — or indeed to specify this as a robust mathematical statement. Lenders need a pragmatic approach to support good credit decisions that are both accurate and legitimately defendable, based on the available data.”
Mark Somers, 4most Chairman and Director of Research
To read or download the full paper, click below…
For any questions, or to discuss credit risk with 4most, please contact us at info@4-most.co.uk
Author
Interested in learning more?
Contact usInsights
4most extends partnership with Commercial Bank of Dubai to support model risk management enhancement
13 Aug 26
Elevating AI risk management beyond model risk management: A practical framework for boards and risk leaders in financial services
15 Jul 26 | Banking
