OCC Releases Supervisory Framework for Bank AI Use
By PYMNTS
AI summary of the source article
The Office of the Comptroller of the Currency has issued a supervisory framework to help examiners evaluate banks' use of AI and agentic AI. The framework does not establish supervisory expectations or enforceable standards for banks.
Why it matters
It is "designed to support the regulator’s examiners when they evaluate banks’ use of artificial intelligence and agentic AI in normal course business activities."
Key facts
- The OCC issued a supervisory framework to assist examiners evaluating banks' use of AI and agentic AI.
- The framework covers AI use within normal course business activities.
- The framework does not create supervisory expectations, enforceable standards, or prescriptive requirements.
Source excerpt · PYMNTS
The Office of the Comptroller of the Currency (OCC) has issued a supervisory framework designed to support the regulator’s examiners when they evaluate banks’ use of artificial intelligence and agentic AI in normal course business activities. The framework does not establish supervisory expectations for banks, does not set forth enforceable standards or prescriptive requirements, and […] The post…