Acting Comptroller Discusses Artificial Intelligence and Financial Stability

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed systemic risk implications of artificial intelligence (AI) in banking and finance via livestream at the Financial Stability Oversight Council’s AI Conference.

In addition, Mr. Hsu released complimentary remarks to expand upon how the use and weaponization of AI pose financial stability risks, and offered thoughts on how a shared responsibility model for AI can improve its safety.

Related Link

IR Press

Share
Published by
IR Press

Recent Posts

Remarks by Secretary of the Treasury Janet L. Yellen in Austin, Texas

As Prepared for DeliveryThank you, Dixie, for the introduction. I’m glad to be introduced by…

2 days ago

Remarks by Secretary of the Treasury Janet L. Yellen in Raleigh, North Carolina

As Prepared for DeliveryI am glad to be here in North Carolina with Governor Cooper,…

3 days ago

OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 24

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a…

3 days ago

Remarks by Deputy Assistant Secretary for Financial Institutions Policy Jeanette Quick at the 2024 AAPISTRONG Annual Conference

As Prepared for DeliveryGood afternoon, thank you for inviting me here today. My name is…

4 days ago

U.S. Department of the Treasury Announces Maryland Will Join IRS Direct File for Filing Season 2025

More Than 700,000 Marylanders Eligible to Use Free Tax Filing Tool Next Year Made Possible…

4 days ago