US and European regulators question banks about AI agents and cyber risks

US and European banking regulators are stepping up scrutiny of AI risks at banks: the Federal Reserve and two other agencies are asking how banks use advanced AI, including Chinese tech and autonomous agents. The ECB gave lenders until end-October to submit plans against AI-enabled cyber threats, while the Bank of England wants backup systems fully separate from main IT.

• Fed and two other US regulators are questioning banks on AI agent use
• ECB set an end-October deadline for AI cyber threat plans
• Bank of England wants backup systems separate from main IT
• IMF warned a major cyberattack could hit market confidence