Compliance meets AI: A banking love story
Banks are at preliminary stages in evaluating generative AI. But areas of early adoption are customer services, analyzing data and reading large regulatory documents.
Banks are at preliminary stages in evaluating generative AI. But areas of early adoption are customer services, analyzing data and reading large regulatory documents.
Meet Virginia banker Gary Shook, chair of ABA’s Government Relations Council
Banking regulators are considering what changes to the U.S. operational resilience framework may be appropriate as the risk for a major disruption in critical banking services grows, Acting Comptroller of the Currency Michael Hsu said.
AI or not, “data readiness” is the first step to putting bank data to work.
Tabletop exercises help bank leaders prep for cybersecurity risks.
Bankers look back on the bank failures of spring 2023 and share some lessons learned and strategies for success.
First-line risk knows the business, while second-line risk knows the broader organization. When brought together, both perspectives paint a compelling view of the true nature of risk across the company.
Legislation on ESG, artificial intelligence and interchange fees are once again on the table during the 2024 legislative sessions.
The Federal Reserve plans to continue its supervisory focus on fundamental risk management related to counterparty credit risk, and it will conduct an analysis of how the largest banks cope with the default of their largest hedge fund counterparties, Fed Vice Chairman for Supervision Michael Barr said.
We don’t know what we don’t know — but now is the time to ask.