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Finance Cybersecurity5 min reading time

Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say

ET AI (The Economic Times)Published 2 hours ago

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Banking regulators in the US and Europe are intensifying oversight of AI use in banks due to concerns about cyberattacks and financial stability risks from advanced AI systems and autonomous agents. They are probing banks on AI deployment, including foreign technologies and cyber defense agents, while urging improved recovery plans amid fears of rapid AI-driven disruptions.

#bank-of-england #banking #european-central-bank #federal-reserve #jamie-dimon #jpmorgan

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