FILE PHOTO: U.S. Treasury Secretary Janet Yellen meets with Mexican business leaders during her visit in Mexico City, Mexico December 6, 2023. REUTERS/Daniel Becerril/File Photo
WASHINGTON (Reuters) -Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned on Thursday.
The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report.
