FSB official says banks replying to AI proposal should focus on materiality
By Neil Roland ( July 7, 2026, 19:02 GMT | Insight) -- Financial institutions across the world should focus on materiality and proportionality in their use of AI in responding to a Financial Stability Board consultation, FSB official Michelle Bowman said. The consultation seeks feedback on "sound practices for the responsible adoption of artificial intelligence," with a final report due to be forwarded this year to the Group of 20 economic powers. Bowman, the head of the FSB's Standing Committee on Supervisory and Regulatory Cooperation, said "financial institutions should be specific about how they use AI and whether it is material to their business operations or legal and regulatory obligations."Financial institutions across the world should focus on materiality and proportionality in their use of artificial intelligence in responding to a Financial Stability Board consultation, FSB official Michelle Bowman said Tuesday....
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