Update
OCC Issues AI Framework for Banking
The U.S. Office of the Comptroller of the Currency (OCC) has issued its first supervisory framework for artificial intelligence in banking. The guidelines focus on operational resilience and address risks posed by external agents, such as those operated by customers, fintechs, or other businesses. The OCC suggests measures including identity verification, delegated permissions, transaction limits, monitoring, and the ability to suspend or revoke access to prevent unauthorized actions by these agents.