governance

Bringing AI into the Boardroom: Small Steps, Clear Oversight Gains

Denis de Montigny PhD, CFA Bringing AI into the boardroom: small steps, clear oversight gains Boards are increasingly asked to oversee complex, data-driven systems such as AI-enabled distribution models, ESG scoring engines, and operational risk analytics. While many firms have adopted AI across key functions, its use at board level remains limited. There could be

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Agent Misalignment and Insider Threats: A Strategic Risk for AI Governance

Denis de Montigny PhD, CFA Anthropic’s 2025 paper, Agentic Misalignment: How LLMs Could Be an Insider Threat, highlights a risk that boards, regulators, and investors should address directly: large language models (LLMs), if not properly governed, could behave like insider threats—leaking sensitive information, undermining decisions, or misusing internal workflows. The paper goes beyond technical vulnerabilities

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Powering Luxembourg’s ManCo Evolution: Strategic Advisory and AI-Driven Governance

Luxembourg’s Management Companies have reaffirmed their leadership in the European asset management industry, with the PWC’s 2025 Barometer showcasing a year of strong growth, evolving governance frameworks, and accelerating digital transformation. As ManCos confront increasing regulatory scrutiny, pressure on margins, and demand for innovation, the role of trusted partners like Fund Guardian has never been

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The EU AI Act, DORA, and MiCA: The Emerging Structure of Board Accountability in Digital Regulation

Denis de Montigny PhD, CFA Introduction With the adoption of the EU AI Act, DORA (Digital Operational Resilience Act), and MiCA (Markets in Crypto-Assets Regulation), the European regulatory framework has expanded in scope and complexity. Each regulation addresses distinct technological domains—artificial intelligence, ICT resilience, and crypto-assets—but together they introduce a coherent supervisory approach: one that

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Board-Level AI Oversight and Independent Director Responsibilities in Light of the 2025 CSSF/BCL Review

Denis de Montigny PhD, CFA Introduction In May 2025, the Banque Centrale du Luxembourg (BCL) and the Commission de Surveillance du Secteur Financier (CSSF) published their second thematic review on the use of artificial intelligence in Luxembourg’s financial sector. The scope was significantly expanded compared to the 2023 review, and now provides the most comprehensive

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