Global watchdog calls for tighter controls on agentic AI in finance

AI Summary

The Financial Stability Board has urged financial sector boards to adopt tighter controls on agentic AI systems capable of independent planning and task execution, to mitigate associated risks in finance. This call highlights growing regulatory focus on AI governance.

The Financial Stability Board 'strongly' encourages boards to consider implementing safeguards to mitigate risks from AI, including from 'agentic' AI — or those systems capable of planning, reasoning, and executing tasks with limited human oversight