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US regulators including the Federal Reserve, the OCC, and the FDIC are questioning banks about agentic AI and models developed in China to prevent systemic risks. UK authorities are also requiring large banks to review independent backup systems. The expanded oversight follows warnings that AI could potentially cause severe damage to banking markets.
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Key sources
- SOURCE@reuters“Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say”x.com
- SOURCE@reuters“pointing to potential cyberattacks on banks or rogue agents undermining global financial stability”x.com
- SUPPORT@choblin29“A senior executive at a major European bank fears AI could cause major damage to banking and financial markets within six months”x.com
- SOURCEhuggingnewshuggingnews.com
- SOURCE@tony_diver“Ministers feared that without the models, Britain’s attempt to become a world leader in AI regulation would be dead in the water”x.com
- SOURCE@sophiacai99“Trump WH asked AI labs not to share their models w/ the UK until after U.S. testing”x.com
- SOURCE@reuters“UK given access to safety-test latest AI models, minister says”x.com
- SOURCE@harryboothtime“US and UK gov are in talks to make the UK AISI one of the third-party evaluators with employee-like access”x.com