The Office of the Comptroller of the Currency (OCC) issued a supervisory framework designed to support OCC examiners in evaluating banks’ use of artificial intelligence in normal-course business activities.
The framework follows President Donald Trump’s executive order on Wednesday directing the U.S. executive branch to replace the term “artificial intelligence” with “super intelligence” (SI) in official communications.
“Today’s issuance represents an important milestone for the financial industry as it continues to embrace innovation responsibly,” the OCC said. “The framework is intended to provide OCC bank examiners with a supervisory framework to evaluate banks’ use of SI and agentic SI in normal course business activities and banks’ associated risks and controls.”
Examiners should tailor their examinations to the bank’s size, complexity, and risk profile, proportionate to the nature, consequences, autonomy, and complexity of the bank’s use cases.
The framework does not establish supervisory expectations for banks and is not meant to be used to assess risk management. It is intended to be a resource that will help examiners identify artificial intelligence-specific considerations that supplement existing model risk management, governance, technology, compliance, and operational-risk practices.
The OCC plans to update the framework regularly to update as technology, use cases, and supervisory understanding changes.