Financial Regulators

• Swiss financial regulator Marlene Amstad is urging banks and watchdogs to rapidly adopt new technology to combat escalating cybersecurity threats amplified by AI. • Amstad emphasized the critical need for faster vulnerability patching, as AI models are increasingly being used to expose systemic risks. • FINMA is actively promoting AI adoption among global regulators to strengthen financial systems, with a particular focus on securing digital assets.

• House Republicans argue that financial regulators must adapt governance frameworks to keep pace with innovations in artificial intelligence, digital assets, and real-time payment systems. • Congressional financial services leaders contend that regulatory evolution is essential as these technologies reshape how Americans save, invest, and conduct transactions. • The statement reflects broader debates about regulatory modernization in response to rapid technological change in the financial sector.