2024 Supervisors Symposium

• First, we urge that any new horizontal federal law pertaining to AI preempt state requirements and clearly exclude banks from any duplicative obligations.

• Because variations in definitions across agencies can cause confusion within individual banks and in the ecosystem at large, we suggest the National Institute of Standards and Technology (NIST) work with banking regulators to craft a workable interagency definition that can be leveraged to guide specific policies, particularly in the realm of supervisory activity.