Claim · 2018-02 · publication · Stated in source · Supported

The Basel Committee’s ‘Sound Practices’ report of February 2018 states that the accuracy and validity of AI/ML models increasingly used for the termination of credit limits is as yet unproven.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Sound Practices: Implications of fintech developments for banks and bank supervisors → bears on → AI can improve financial firms’ risk management

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Sound Practices: Implications of fintech developments for banks and bank supervisorsbears on ↓AI can improve financial firms’ risk management

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2018-02 · publication Records dated 2018 →
Role: Context
Register (kind of text): Nonfiction
Missing element: A statement that AI or machine-learning models do not, or cannot, improve risk management; the passage calls their accuracy and validity for the termination of credit limits unproven.

Scope and limitsA limited dissent: it calls the models unproven, not inferior, and the same report articulates J10 for AML.

The evidence 01

primary sourceSupports the claim

Sound Practices: Implications of fintech developments for banks and bank supervisors

Basel Committee on Banking Supervision (Bank for International Settlements) · 2018-02

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“There is an increasing use of AI/ML for the termination of credit limits, although the accuracy and validity of these models is as yet unproven.”

Location in source PDF p. 31 (printed p. 30), subsection ‘Artificial intelligence/machine learning/advanced data analytics’

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Basel Committee on Banking Supervision
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 bc4a965c27f5455262507b2d4b95d0bc6ca0acba1b7d01f521605d33c1552734). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/bcbs/publ/d431.pdf, redirected to the landing page whose PDF link is the address given)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Basel Committee on Banking Supervision, “Sound Practices: Implications of fintech developments for banks and bank supervisors”, 2018-02.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (25 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. ‘termination’ as printed. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document bears on the proposition without meeting its criterion; the record names the missing element. It is not an articulation and implies no influence.

Date. Date of publication, as the text gives it.

Record ID am-u10-bcbs-2018-sound-practices-fintech-context