https://mavai.ch/en/regulations/Recent content in Regulation News on Mavai SchweizHugoenhttps://mavai.ch/en/regulations/finma/Mon, 01 Jan 0001 00:00:00 +0000https://mavai.ch/en/regulations/finma/<p>The Swiss Financial Market Supervisory Authority (FINMA) oversees banks, insurance companies, and other financial institutions in Switzerland. As AI adoption accelerates across the sector, FINMA&rsquo;s expectations around model risk management, operational resilience, and governance have significant implications for how organisations deploy and monitor AI systems.</p> <h2 id="what-finma-expects">What FINMA expects</h2> <p>FINMA does not yet have AI-specific regulation, but its existing supervisory framework — particularly around model risk and operational risk — applies directly to AI systems:</p>https://mavai.ch/en/regulations/iso-42001/Mon, 01 Jan 0001 00:00:00 +0000https://mavai.ch/en/regulations/iso-42001/<p>ISO/IEC 42001 is the first international standard for AI management systems (AIMS). Published in 2023, it provides a framework for organisations to establish, implement, maintain, and continually improve their use of AI in a responsible manner.</p> <h2 id="what-it-covers">What it covers</h2> <p>ISO 42001 is a management system standard — it defines <em>how</em> an organisation should govern AI, not <em>what</em> specific technology to use. Key requirements include:</p> <ul> <li><strong>Risk assessment</strong> — identify and evaluate risks associated with AI systems, including unintended behaviours, bias, and performance degradation</li> <li><strong>Performance measurement</strong> — establish objectives and metrics for AI system performance, with processes to monitor and measure against these</li> <li><strong>Continuous improvement</strong> — maintain processes to detect, respond to, and learn from AI system failures or performance drift</li> <li><strong>Documentation and evidence</strong> — maintain auditable records demonstrating that AI systems meet stated objectives</li> </ul> <h2 id="the-testing-implication">The testing implication</h2> <p>Clause after clause, ISO 42001 returns to the same theme: organisations must have <strong>measurable, evidenced-based</strong> assurance that their AI systems perform as intended.</p>