Live Updates > Live Update Details
2026-02-19 02:17:43
To support the President's Artificial Intelligence Action Plan, the U.S. Treasury Department today announced the launch of a major public-private partnership program aimed at strengthening cybersecurity and risk management of artificial intelligence (AI) in the financial services sector. Throughout February, the Treasury Department will release six guidance documents developed in collaboration with industry and federal and state regulators to help the U.S. financial system safely and reliably utilize AI. Treasury Secretary Bessenter stated, "This administration has clearly stated that the United States must play a leading role in innovative applications of AI, and the financial sector is particularly critical in this regard. This work demonstrates that the government and industry can work together to promote safe and reliable AI applications and enhance the resilience of the financial system." The program is spearheaded by the Financial and Banking Information Infrastructure Council and the Financial Services Industry Council. The Artificial Intelligence Executive Oversight Group (AIEOG), jointly established by the Industry Coordinating Committee, brings together executives from financial institutions, federal and state financial regulators, and other key stakeholders. The focus is on addressing shortcomings in the financial industry's application of artificial intelligence and developing practical tools to help financial institutions manage the cybersecurity risks unique to AI and unleash innovation. Corey Wilson, Assistant Under Secretary for Cybersecurity and Critical Infrastructure Protection at the Treasury Department, stated, "The Treasury Department, through the AIEOG, is working with public-private partners to develop practical tools that will bring tangible changes to the financial industry. These materials are designed to help institutions of all types, especially small and medium-sized enterprises, leverage AI to strengthen their cybersecurity defenses and deploy AI technologies more securely."
