Exclusive: U.S. bank regulators ramp up scrutiny of AI use at financial companies - Reuters
Exclusive: U.S. bank regulators ramp up scrutiny of AI use at financial companies Reuters
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"Federal financial regulators primarily oversee AI using existing laws, regulations, guidance and risk-based examinations."
— Government Accountability Office (GAO) , Other
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The Federal Reserve is the central bank of the United States.
The GAO is an independent agency that provides auditing, evaluating, and investigative services for the U.S. Congress.
The OCC is a bureau of the U.S. Department of the Treasury that regulates and supervises national banks.
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<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxOR3pVUi0zQTJkVzRYRlFXY2tjdTExalR4UGxNZ2ZBOVRrYkg4eGdDajZmTzdLdUdNRHpKSDhmOUUtcTVrMjBSZGN4OUdSLUpiT0lnLWY3QWNsWmNkdWJ6bWtEcTNOX2dRNXdWM3BfblEyQlgxTUJsUURPaHRBeWFrTk02eDVGVzJuZTNFVUJDR0pycVgzbGpiLUpaMk1DR200Z2N3WGVYZHVxU0tKX2ttUlRVZERJdw?oc=5" target="_blank">Exclusive: U.S. bank regulators ramp up scrutiny of AI use at financial companies</a> <font color="#6f6f6f">Reuters</font>
U.S. banking regulators are intensifying oversight of how lenders deploy artificial intelligence, focusing on areas such as data access, governance controls, and risks from third-party vendors.
U.S. banking regulators are increasing oversight over AI use in the financial services sector, with agencies like the Office of the Comptroller of the Currency and the Federal Reserve seeking detailed information from banks on their AI applications.
Banking regulators have begun asking banks about their use of artificial intelligence during routine bank examinations, focusing on areas such as data access, governance controls, and risks from third-party providers.
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