Update: Market Chatter: US Regulators Press Banks on AI Protections

06:06 AM EDT, 10/14/2026 (MT Newswires) -- (Updates with responses from the Federal Reserve and FDIC in the fifth paragraph.) The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation are grilling banks about their use of advanced artificial intelligence models, Reuters reported Wednesday, citing people familiar with the matter. They are concerned about AI-powered cyberattacks on banks, rogue AI agents damaging financial stability by exceeding their commands, and the use of Chinese AI models, the report said. The Bank of England and the European Central Bank are also pressuring banks to prepare for AI-related damage, the report said. The ECB has given banks until the end of October to submit plans addressing AI-related cyber threats, including backup and recovery measures, Reuters reported. The Federal Reserve and FDIC declined to comment. The Comptroller did not reply to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)