Claim · 2024-05 · publication · Stated in source · Supported

The Basel Committee’s report ‘Digitalisation of finance’ of May 2024 states that some supervisors have clarified that existing requirements on operational, technology, model, IT/cyber and outsourcing risk apply to AI, and that a few jurisdictions have issued specific AI/ML principles or guidance.

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

Digitalisation of finance → bears on → Existing financial rules broadly cover AI

Where it appears

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

Claim and evidence

Digitalisation of financebears on ↓Existing financial rules broadly cover AI

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2024-05 · publication Records dated 2024 →
Role: Context
Register (kind of text): Relay of another author
Missing element: Reports other supervisors’ clarifications; the Committee does not itself state that AI needs no separate framework. Elsewhere (PDF p. 39) it describes a precautionary approach including developing new standards where existing policy is inadequate.

Scope and limitsA survey of national approaches.

The evidence 01

primary sourceSupports the claim

Digitalisation of finance

Basel Committee on Banking Supervision (Bank for International Settlements) · 2024-05

Cite the original source

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

Source excerpt

“Some supervisors have also clarified that existing requirements and guidance apply to AI, including requirements to manage operational risk, technology risk, model risk, IT/cyber risk and outsourcing/third-party risks”

Location in source PDF p. 34 (printed p. 30), section 6.1 ‘Regulatory frameworks’, table entry on AI/ML

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 e9858665f0859ef0380fcd817df114090fcd361a73db4b3bd0a276886f6d0fff). 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/d575.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, “Digitalisation of finance”, 2024-05.
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 (28 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. 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-u12-bcbs-2024-digitalisation