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Artificial Intelligence › Machine Learning › Federal Reserve

Orrick, Herrington & Sutcliffe LLP

GAO Report Reveals How Financial Institutions (And Their Regulators) Are Using AI

Orrick, Herrington & Sutcliffe LLP on

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

Orrick, Herrington & Sutcliffe LLP

Fed’s Barr discusses generative AI’s potential impact on financial stability

Orrick, Herrington & Sutcliffe LLP on

On February 18, Fed Vice Chair for Supervision, Michael S. Barr, delivered prepared remarks at the a conference, discussing the rapid advancements in AI and its potential impact on the economy and financial stability. Barr...more

Harris Beach Murtha PLLC

Key Takeaways for the Finance Sector from the U.S. House’s AI Task Force

Harris Beach Murtha PLLC on

In December 2024, a task force consisting of 24 representatives from the Democratic and Republican parties issued a 273-page report with key findings and recommendations in relation to Artificial Intelligence on a...more

Harris Beach Murtha PLLC

AI Regulation in the Financial System: Insight from the Federal Reserve

Harris Beach Murtha PLLC on

Federal Reserve Governor Michelle W. Bowman recently delivered insightful remarks at the 27th Annual Symposium on Building the Financial System of the 21st Century, emphasizing the transformative potential of artificial...more

Wilson Sonsini Goodrich & Rosati

All Eyes on AI: Regulatory, Litigation, and Transactional Developments – Q3 2023

Wilson Sonsini Goodrich & Rosati on

The firm is pleased to distribute the Q3 2023 edition of All Eyes on AI: Regulatory, Litigation, and Transactional Developments, which closely follows the evolving regulatory landscape for artificial intelligence (AI) in the...more

Katten Muchin Rosenman LLP

Federal Reserve Warns Against Potential Risks Posed by Quantum Computers and AI

Katten Muchin Rosenman LLP on

The advent of quantum computing and generative artificial intelligence could potentially pose new risks to the US financial system, warned the Board of Governors of the Federal Reserve System in a report issued to Congress on...more

Lowenstein Sandler LLP

AI in Credit Decision-Making Is Promising, but Beware of Hidden Biases, Fed Warns

Lowenstein Sandler LLP on

As financial services firms increasingly turn to artificial intelligence (AI), banking regulators warn that despite their astonishing capabilities, these tools must be relied upon with caution. Last week, the Board of...more

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