06:28 AM EDT, 06/12/2026 (MT Newswires) -- US banking regulators are ramping up their review of the use of artificial intelligence in financial services, along with its potential risks, Reuters reported Friday, citing sources familiar with the matter.

The US Federal Reserve and the Office of the Comptroller of the Currency have started asking banks to detail their use of AI in lending and customer checks, among other processes, during routine bank assessments, the sources told Reuters.

Sources said the regulators are also looking into banks' security measures and contingency plans in the event of failures, according to the report.

The Federal Reserve and the Office of the Comptroller of the Currency did not immediately respond to MT Newswires' requests for comments.

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