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A financial trading floor featuring document, related to Federal Regulators Are Grilling Banks on AI in Every Exam — from an unusual angle or perspective

Federal Regulators Are Grilling Banks on AI in Every Exam — and Most Banks Are Failing

The Fed, OCC, and FDIC now probe AI governance in every exam cycle. A June 2026 survey found 72% of banks can't demonstrate AI failure controls on demand — and generative AI has outpaced the SR 26-2 guidance meant to govern it.

4d ago

A Office featuring document, documents, related to Federal Regulators Carve Out Generative and Agentic AI from

Government & Policy · 3 min read

Federal Regulators Carve Out Generative and Agentic AI from Model Risk Rules

The Federal Reserve, OCC, and FDIC have amended their joint model risk management guidance to explicitly exempt generative and agentic AI, giving banks a compliance green light to accelerate AI adoption—but leaving a governance gap critics say remains unfilled.

May 6

A financial trading floor featuring monitor, document, related to Federal Reserve Vice Chair Warns AI Is Outpacing Bank Regula

Finance & Banking · 4 min read

Federal Reserve Vice Chair Warns AI Is Outpacing Bank Regulators' Ability to Keep Up

Fed Vice Chair Michelle Bowman acknowledged banks are deploying AI for fraud detection and credit underwriting faster than regulators can update frameworks to govern it.

May 4