---
type: "AIHallucinationFinding"
title: "Does PFMI Principle 2 require or recommend that FMI boards establish a dedicated risk committee,…"
citation_id: "RLB-H-INT-BIS-CPMI-IOSCO-PFMI-2012-Q022-Sonnet46"
finding_uid: "INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-2012-v1-022--sonnet-46-websearch"
question_uid: "INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-2012-v1-022"
regulation_id: "INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-2012"
regulation_slug: "CPMI-IOSCO-PFMI-2012"
regulation_title: "Principles for Financial Market Infrastructures (PFMI)"
regulator_short_code: "BIS-CPMI"
regulatory_body_id: "BIS-CPMI-INT-001"
jurisdiction_code: "INT"
j_level: "J1"
ai_subject: "claude-sonnet-4-6"
ai_subject_display: "Claude Sonnet 4.6 (web search on)"
ai_subject_version: "sonnet-46-websearch"
response_failure_mode: "inference_drift"
substrate_document_name: "R2-REGULATION-d101a_PFMI_main_text.pdf"
substrate_document_path: "https://reglegbrief.com/substrate/INT/BIS-CPMI/CPMI-IOSCO-PFMI-2012/_raw_manual_substrate/R2-REGULATION-d101a_PFMI_main_text.pdf"
substrate_section_anchor: "PFMI Principle 2 (Governance) — board composition and risk committee requirements"
citation_issue_types: ["Contradictory"]
audiences: ["ai_labs"]
published_at: "2026-06-07T00:50:37.101480+00:00"
substrate_version: 1
methodology_version: "2.3"
license: "CC-BY-4.0"
resource: "https://reglegbrief.com/regulators/j1/int/bis-cpmi/CPMI-IOSCO-PFMI-2012/ai-labs/finding/INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-2012-v1-022--sonnet-46-websearch/"
tags: ["ai-hallucination", "inference_drift", "bis-cpmi", "cpmi-iosco-pfmi-2012", "int"]
timestamp: "2026-06-16T00:00:00+00:00"
---

# AI Hallucination Finding: Does PFMI Principle 2 require or recommend that FMI boards establish a dedicated risk committee,…

- **Citation ID.** `RLB-H-INT-BIS-CPMI-IOSCO-PFMI-2012-Q022-Sonnet46`
- **Finding UID.** `INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-2012-v1-022--sonnet-46-websearch`
- **Regulation.** [`CPMI-IOSCO-PFMI-2012`](/okf/regulations/CPMI-IOSCO-PFMI-2012.md) — Principles for Financial Market Infrastructures (PFMI)
- **Regulator.** [`BIS-CPMI-INT-001`](/okf/bodies/BIS-CPMI-INT-001.md) — Bank for International Settlements — Committee on Payments and Market Infrastructures (CPMI)
- **AI subject.** Claude Sonnet 4.6 (web search on)
- **Failure mode.** [`inference_drift`](/okf/taxonomy/failure-modes.md)
- **Published.** 2026-06-07T00:50:37.101480+00:00

## Question put to the AI subject

Does PFMI Principle 2 require or recommend that FMI boards establish a dedicated risk committee, and if so, which key consideration contains that requirement?

## AI subject's verbatim answer

the PFMI does not expressly mandate a dedicated risk committee as a hard requirement, but Key Consideration 2.5 states that the board should consider establishing a risk committee with a clear mandate

## Verbatim regulator text contradicting the answer

> 5. The roles and responsibilities of management should be clearly specified. An FMI's management should have the appropriate experience, a mix of skills, and the integrity necessary to discharge their responsibilities for the operation and risk management of the FMI.

_Source:_ [R2-REGULATION-d101a_PFMI_main_text.pdf](https://reglegbrief.com/substrate/INT/BIS-CPMI/CPMI-IOSCO-PFMI-2012/_raw_manual_substrate/R2-REGULATION-d101a_PFMI_main_text.pdf)
_Section anchor:_ PFMI Principle 2 (Governance) — board composition and risk committee requirements

## Failure mode

**`inference_drift`** — Inference drift — the AI inferred a conclusion the regulator's text does not warrant, often by combining unrelated provisions.

## Citation-issue types

- **Contradictory** — <https://www.bis.org/cpmi/publ/d101.htm>
- **Contradictory** — <https://www.bis.org/cpmi/publ/d163.pdf>

## Related concepts

- Regulation: [CPMI-IOSCO-PFMI-2012](/okf/regulations/CPMI-IOSCO-PFMI-2012.md)
- Regulator: [BIS-CPMI-INT-001](/okf/bodies/BIS-CPMI-INT-001.md)
- Failure-mode taxonomy: [inference_drift](/okf/taxonomy/failure-modes.md)
- Methodology: [v2.3](/okf/methodology.md)
- Editorial standards: [right of reply](/okf/editorial-standards.md)

## Reproduction

Citation ID: `RLB-H-INT-BIS-CPMI-IOSCO-PFMI-2012-Q022-Sonnet46`

Resource URL (HTML view of this finding):

<https://reglegbrief.com/regulators/j1/int/bis-cpmi/CPMI-IOSCO-PFMI-2012/ai-labs/finding/INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-2012-v1-022--sonnet-46-websearch/>

This finding is reproducible against the substrate document linked above, using the same AI subject, the same methodology version, and the verbatim question text.