US agencies begin survey on AI
Regulators seek information on use, management and development of artificial intelligence
Five US regulatory agencies have opened an inquiry into how financial institutions use and manage artificial intelligence in their operations.
The five agencies – the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration and the Consumer Financial Protection Bureau – published a Request for Information on March 29. The regulators note that AI plays a significant role in numerous areas of bank operations, including
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