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International Business Times
International Business Times
Technology

Could Rogue AI Threaten The Global Banking System? Regulators Are Growing Increasingly Worried.

Artificial Intelligence European Central Bank Cybersecurity Federal Deposit Insurance Corporation International Monetary Fund Office of the Comptroller of the Currency
Banking regulators in the United States and Europe are increasing scrutiny of artificial intelligence systems amid concerns over cybersecurity risks and potential disruptions to financial markets. (Credit: Reuters)

Banking regulators in the United States and Europe are stepping up scrutiny of artificial intelligence systems amid growing concerns that rogue AI agents and sophisticated cyberattacks could disrupt financial institutions and threaten global financial stability.

The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) have been questioning banks about their use of advanced AI, including whether autonomous systems can be monitored, controlled and shut down if they behave unexpectedly.

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