Fed Prepares New Playbook to Support Bank AI Adoption

Anthropic ’s Mythos highlights the speed at which artificial intelligence (AI) capabilities can advance and the need for supervisory approaches to keep pace with emerging technology, Federal Reserve Vice Chair for Supervision Michelle W. In a speech delivered at an event hosted by the Financial Stability Oversight Council in Washington, D.C., Bowman said regulators must ensure safety and soundness without hindering innovation. The Mythos AI model’s ability to detect c