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US Bank Regulator Issues First AI Guide Covering Outside Agents
A US bank regulator has published its first examiner guide on artificial intelligence, according to a report from Decrypt AI. The document directly takes up outside AI agents, the same risk that recently led major banks to restrict customer-account access.
What the examiner guide covers
The guide is the first of its kind from the regulator, which oversees national banks. According to the report, it weighs autonomy and financial harm when examining AI systems.
The guide also addresses outside AI agents, which the report describes as AI that carries out multi-step tasks rather than answering a single question.
Banks had already acted
The regulator's focus on outside agents follows a recent move by major banks, which restricted customer-account access over the same risk, Decrypt AI reports.
Open questions
- How the guide will be applied to individual banks in practice is not clear from the available reporting?
- Whether the guide will lead to binding rules or remain supervisory guidance is not stated in the reporting?