Regulatory and Legislative

Treasury Issues RFI Regarding Opportunities and Risks of AI

The Department of Treasury has issued a request for information from the financial services sector on potential opportunities and risks related to the use of Artificial Intelligence. Treasury seeks to increase its understanding of how AI is being used within the financial services sector, including potential obstacles for facilitating responsible use of AI within financial institutions, the effect on impacted entities through use of AI by financial institutions, and recommendations for enhancements to legislative, regulatory, and supervisory frameworks applicable to AI in financial services. Treasury is soliciting information from a broad set of stakeholders, with written comments due within 60 days of publication in the Federal Register