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State Regulators Release AI Supervisory Framework
Original: State Regulators Enter AI Chat: CSBS Releases AI Supervisory Framework
The Conference of State Bank Supervisors has released an AI supervisory framework, marking state financial regulators' formal entry into overseeing artificial intelligence in banking. The framework outlines how state regulators intend to supervise the use of AI by financial institutions under their purview. It adds a state-level dimension to ongoing US debates over AI governance, complementing federal efforts and raising compliance questions for banks and fintech firms deploying AI tools.
Why now: State-level financial regulators are moving to define oversight of AI in banking amid growing regulatory attention worldwide.
Conference of State Bank Supervisorsstate financial regulators
Evidence
- State Regulators Enter AI Chat: CSBS Releases AI Supervisory Framework · Cooley Finsights
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