The report outlines how authorities can monitor AI-related vulnerabilities and strengthen resilience across global financial systems.
Key updates include:
➡️ AI Risks & Vulnerabilities: The FSB identified key risks including third-party dependencies, market correlations, cyber threats, and model governance weaknesses, which may impact financial stability;
➡️ Monitoring Challenges: Authorities face barriers such as inconsistent AI definitions, limited data, and difficulties assessing the criticality of AI services and third-party concentration;
➡️ Supervisory Focus: The report recommends developing AI monitoring indicators through surveys, supervisory engagement, and data sharing between domestic authorities; and
➡️ Third-Party Risk & GenAI: A case study on generative AI (GenAI) highlights the growing reliance on external service providers, exposing firms to potential operational vulnerabilities and supply chain concentration risks.
✅ Firms should continue to strengthen AI governance, manage third-party dependencies, and embed fraud, cyber, and model risks into enterprise frameworks.
💡 Plenitude’s AI Assurance Services help organisations deploy AI responsibly by assessing governance, oversight, and control frameworks. We provide pre- and post-deployment assurance that AI performance meets business and regulatory expectations.
Visit our website for more information: AI Assurance Services | Plenitude Consulting