Unchecked biases originating in the various steps of the algorithms' learning processes can lead to excessive risk for loans. As an authority, we need to constantly check the results produced by these techniques, and we will continue to focus on monitoring these risks.
This is to my understanding in line with considerations that featured prominently in the Federal Reserve’s recent framework review and have contributed also to the new ECB monetary policy strategy, of which President Christine Lagarde informed the public earlier today. 4.