Since the FSB’s 2024 report on the financial stability implications of artificial intelligence (AI), there have been significant developments in the AI ecosystem. These include advancements in AI models, new companies offering more flexible options, more competition in hardware, and global technology providers controlling more parts of the AI supply chain. These developments underscore the importance of robust monitoring efforts and fostering collaboration to address potential vulnerabilities to financial stability effectively. Such efforts are essential to fully harness the potential benefits of AI, including enhanced efficiency, improved regulatory compliance, advanced data analytics, and the creation of more personalised financial products.
The report examines the monitoring approaches currently used by member jurisdictions. It outlines key considerations and potential indicators for tracking AI adoption and associated vulnerabilities. It also includes a case study focusing on monitoring AI-related third-party dependencies and service provider concentration. The report provides high-level considerations to enhance monitoring and address data gaps.
