Board of Governors of the Federal Reserve System
The central bank of the United States and a primary supervisor of bank holding companies and state member banks.
Its role in AI governance
The Federal Reserve addresses AI mainly through its model risk management expectations, set out in the interagency guidance commonly known as SR 11-7, which requires banks to validate, document, and govern the models — increasingly including AI and machine-learning models — used in their decisions. It also monitors the financial-stability and consumer-compliance implications of AI in banking.
Key concepts
Frequently asked questions
What does Federal Reserve regulate?
The central bank of the United States and a primary supervisor of bank holding companies and state member banks.
What is Federal Reserve's role in AI governance?
The Federal Reserve addresses AI mainly through its model risk management expectations, set out in the interagency guidance commonly known as SR 11-7, which requires banks to validate, document, and govern the models — increasingly including AI and machine-learning models — used in their decisions. It also monitors the financial-stability and consumer-compliance implications of AI in banking.
What jurisdiction does Federal Reserve cover?
Board of Governors of the Federal Reserve System (Federal Reserve) is a regulator in United States. Its official website is www.federalreserve.gov.
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