From left, Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen and SEC Chairman Gary Gensler participate in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)
SEC and CFTC oversight of how investment vehicles use AI to inform trading decisions is lacking and poses risks to market stability, a report from the majority…
The Eccles Building of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee is pictured June 2, 2016 in Washington, D.C. (Photo by Brooks Kraft/ Getty Images)
Priority open recommendations from the watchdog ding the financial regulators for lacking consistency in mechanisms to identify and respond to blockchain risks.
Addressing employee generative AI use is largely an evolution of the agency’s existing policies for general internet searches, said Ex-Im's Howard Spira.
Securities and Exchange Commission Chairman Gary Gensler testifies during a Senate Banking Committee hearing on Sept. 12, 2023, in Washington, D.C. (Photo by Drew Angerer/Getty Images)
The Securities and Exchange Commission chair has “macro” concerns about financial sector reliance on a couple large AI base models, especially since regulators would have no oversight…
The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., January 28, 2021. (Photo by SAUL LOEB/AFP via Getty Images)
The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., January 28, 2021. (Photo by SAUL LOEB/AFP via Getty Images)
Only three agencies have reported breaches, but 32 are known to have used the software at some point since 2006. And contract records aren't the most accurate.
