Supervisors Symposium

W H A T A B O U T N E W S T R E S S E S O N B A N K M A N A G E M E N T ?

As a bank adapts to new AI tools and the workforce composition changes, bank regulators must be convinced that bank management can manage a newly configured bank work force.

Bank regulators need to closely review management and board executive talent to implement cybersecurity measures for a bank’s IT systems and processes. In particular, corporate secretaries are being asked to have ever greater corporate governance responsibilities along with an increased use of technology by corporate boards.

Technology by itself will never be a solution for a poorly managed bank.

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How will Fintech and AI perform during a financial crisis and related significant recession or worse economic downturn? • One of the concerns for banks and bank regulators is that the fintech sector has emerged and grown largely during sunny economic times. • There are concerns that fintech and AI may work great during good economic times but work less well, or not at all, during times of economic distress.

ARTIFICIAL INTELLIGENCE AND REGULATION

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