Curious about how financial institutions, their service providers, and their federal regulators are using and overseeing machine learning and other AI tools? A new GAO report published on May 19th (the “Report”) provides a...more
5/28/2025
/ Artificial Intelligence ,
Banking Sector ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
GAO ,
Machine Learning ,
NCUA ,
OCC ,
Regulatory Oversight ,
Risk Management
The Klaros Group’s Michele Alt joins Orrick partners Jerry Buckley, Caroline Stapleton and Walt Zalenski to explore actions needed to facilitate new bank formations, which have slowed to trickle in recent years. The...more
3/13/2025
/ Banking Sector ,
Business Formation ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Innovation ,
OCC ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Startups
Artificial intelligence (AI) offers financial institutions the opportunity to enhance operational efficiency, customer experiences and financial and other risk management. However, these models must be subjected to...more