Fed's Bowman Urges AI Supervision for Banks

Fed Vice Chair for Supervision Michelle Bowman highlighted need to supervise AI models like Anthropic’s Mythos due to banking sector risks.
Anthropic has limited release of Mythos while evaluating guardrails, prompting Trump administration officials to consider potential cyber‑attack threats to financial stability.
Treasury Secretary Scott Bessent and Fed Chair Jerome Powell met Wall Street banks last month to discuss Mythos risks and reinforce protection.
Bowman said regulators are preparing a report on sound AI adoption practices and will coordinate across government while supporting AI advancement.