This GFMI conference will delve into the key challenges within model risk management in the realm of generative AI and machine learning. It will showcase the best industry practices for addressing emerging risks, such as cybercrime, climate, and third-party model risk. It will will also discuss the latest developments in technologies dealing with the challenges in model inventory, validation and governance. Experts in the field will present case studies to demonstrate practical applications of the most effective tools, methodologies, and team management approaches, enhancing the effectiveness of MRM across three lines of defense. Finally, the event will provide updates from regulators including their perspectives on the use of AI and ML in machine learning.