Risk Committee

A risk committee is a board-level or executive body that oversees an organization's enterprise risk, including the risks created by deploying AI systems. In AI governance, these committees typically approve risk appetite for AI use, review high-impact model deployments, and receive reports on incidents, regulatory exposure, and third-party AI vendor risk. Their decisions set who is accountable when an AI system causes harm, which makes their composition and charter a frequent subject of regulatory guidance and audit scrutiny.

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ResearchChina2026-10-19

China's Banking AI Guidelines Require Board Oversight and Risk-Tiered Controls

New guidance for Chinese banks sets board-level accountability for AI governance, cross-functional coordination, and full lifecycle management of AI systems. High-risk uses such as credit approval, underwriting, and financial contract decisions require risk committee sign-off, human oversight, and in some cases regulatory reporting. The guidelines also restrict use of sensitive personal information in generative AI training and impose access controls on foundation models.

China banking financial services AI lifecycle risk committee human oversight board accountability generative AI training data