WASHINGTON—The U.S. Treasury Department has begun rolling out a six-part series of guidance documents designed to help financial institutions deploy artificial intelligence securely while staying aligned with regulatory expectations.
“Treasury will release a series of six resources developed in partnership with industry and federal and state regulatory partners to enable secure and resilient AI across the U.S. financial system,” the agency stated in a release.
The first two resources, released late last week, include an AI lexicon defining key terms specific to financial-sector use cases and a tailored version of the National Institute of Standards and Technology’s AI Risk Management Framework. The framework adaptation includes an AI maturity questionnaire, a matrix mapping AI-related risks to security controls and guidance on implementing those controls, Cybersecurity Dive reported.
Treasury said the materials stem from consultations among federal and state regulators, financial-services executives and other stakeholders through its Artificial Intelligence Executive Oversight Group (AIEOG), a collaboration between the sector’s coordinating council and its government counterpart. Cory Wilson, Treasury’s deputy assistant secretary for cybersecurity and critical infrastructure protection, said the effort is intended in part to help small and mid-sized institutions strengthen cyber defenses while deploying AI more securely, according to Cybersecurity Dive.
AIEOG work streams have addressed governance, fraud prevention, identity management and transparency, shaping what Treasury describes as practical, implementation-focused tools rather than prescriptive mandates. The goal, Treasury said, is to help financial institutions adopt AI “more confidently and securely,” bolstering resilience and cybersecurity while continuing to support innovation, Cybersecurity Dive reported.