State regulators float AI framework for banks, examiners
The Conference of State Bank supervisors issued discretionary guidance proposing eight examination questions and three AI risk tiers for banks.
So what
State-level regulatory scrutiny on artificial intelligence is expanding, creating a multi-jurisdictional compliance footprint for multi-state banks.
Do what
Review your AI risk tiering and examiner readiness against the Conference of State Bank Supervisors' proposed questions with the compliance team.