FSB warns agentic AI poses systemic risks to global finance, urges new safeguards
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CNA
Summary
The Financial Stability Board (FSB) has issued a report warning that increasingly autonomous "agentic" AI systems could amplify risks in the global financial system. The FSB strongly encourages financial firms' boards to implement safeguards against these risks, as agentic AI—capable of planning, reasoning, and executing tasks with limited human oversight—is already being adopted for fraud detection, customer service, and back-office functions. The report highlights that 52% of financial firms are using or exploring such AI, and calls for tighter regulatory controls as adoption accelerates.
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bskyFSB warns agentic AI poses systemic risks to global finance, urges new safeguardschannelnewsasia.comKey quotes
· 3 pulledGlobal regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates.
The Financial Stability Board (FSB) in a report on Wednesday 'strongly' encouraged boards to consider implementing safeguards to mitigate risks from AI, including from 'agentic' AI.
Agentic AI is already being used by financial firms for fraud detection, customer service and back-office functions.
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