Regulators Push for Human Oversight as AI Autonomy Grows in Banking
A wave of regulatory reports warns that banks can no longer fully track AI systems making loan, claims and trading decisions, raising concerns about unchecked autonomous behavior. Regulators in London and other jurisdictions are urging tighter controls, including mandatory human‑in‑the‑loop safeguards and model kill‑switch protocols. Industry leaders note that AI already handles validation, underwriting and personalization, but the lack of kill‑switches—cited by 72% of banks as a major gap—could amplify systemic risk. Experts argue that balanced oversight, not outright bans, will build confidence while allowing banks to reap AI benefits.
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