Artificial intelligence
Ex-OCC chief urges new approach to AI explainability
Michael Hsu suggests shift from academic analysis to decision-based techniques
Ex-OCC chief Michael Hsu on the impact of an America-first agenda
The former acting comptroller of the currency speaks with Christopher Jeffery about the future of the US Treasury market, Fed independence, financial de-regulation, the Genius Act and international co-operation
Central banks must rethink how they speak
Communication is critical for effective policy and social media is not merely a channel of communication, it is a space for dialogue, a feedback loop and a reputational battleground, writes Biagio Bossone
Developing AI comes with geopolitical risks, says panel
Summer Meetings panel discusses infrastructure supply chains and where data is stored
Rhetoric on AI is rarely backed up by resources – panellists
Central bankers tell Summer Meetings their institutions seldom have enough to spend on innovation
AI ‘not there yet’ for reserve management, panellists say
Managers say new technology helps with some analysis but risks remain
Bottom-up approach crucial when adopting AI – panel
Central banks must engage end users when implementing new technology, officials say
Central banks use ‘hackathons’ to promote innovation
Key risks from AI paradigm shift will be reputational, panellists say
Trends in reserve management 2025: survey results
Insights on strategies in anticipation of tariffs, interest rate divergence and geopolitical risk, FX diversification and de-dollarisation, as well as bitcoin in reserves, FX interventions and gold
‘Chat Bankman-Fried’ has poor grasp of governance – study
Bank of Italy paper finds many LLMs would choose to behave in similar way to former crypto exchange owner
AI poses financial stability risks, says RBNZ report
Market concentration among potential sources of instability, research finds
AI forecasting outperforms traditional methods – study
New approach still only complements existing models but results are promising, say authors
Vector-based language model can improve forecasts – BIS paper
“Word embeddings” can be used to make better inflation predictions, authors find
AI crucial for driving growth, says BoE governor
Bailey compares technology’s transformative potential to advances of industrial revolution
AI at the ECB and the need to strengthen internal critical thinking
Carlos Bowles writes that efficiency gains should be shared with staff and efforts made to protect cognitive capacity
RBI hails AI’s potential in addressing customer grievances
Malhotra says technology should be integrated at “every stage” of complaints process
Central Banking Awards 2025: third group of winners released
Paraguay recognised for market infrastructure and IMF for work on AI, as green and FMI awards also unveiled
Fintech Benchmarks 2025 – model banks analysis
Data breakdown reveals differences in CBDC research, AI use and adoption of the cloud
CBSL head calls for proactive approach to tackle deepfakes
Governor tells Central Banking of institution’s response when his own image was used by scammers
Sri Lanka’s governor is latest to feature in deepfake scam
Video uses manipulated image to pretend central bank chief is endorsing financial investments
Gen AI will have varying impact on graduates – Fed study
Automation will lead to job cuts but augmentation of roles could create employment, research claims