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Finance & Banking · 4 min read

Global Regulators Tell Banks: Let AI Watch the Watchers

The FSB published 12 AI governance practices formally endorsing AI-monitors-AI oversight — the first global regulatory body to institutionalize it. Comment period closes July 22.

5d ago

Government & Policy · 4 min read

U.S. Bank Examiners Ramp Up AI Pressure — Third-Party Vendors Now in the Crosshairs

U.S. banking regulators are escalating AI examinations at financial institutions, pressing banks on vendor AI risk. A survey found 72% of banks lack a formal AI model kill-switch protocol.

5d ago

Finance & Banking · 3 min read

IMF: AI-Fueled Cyberattacks Now Pose Systemic Financial Stability Risk

The IMF issued a formal warning that advanced AI dramatically reduces the cost and time required to exploit vulnerabilities in financial systems, creating correlated attack risk that existing bank stress tests were not designed to catch.

May 13

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

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