AI oversight needs a different model to banking

Artificial Intelligence (AI) regulation requires a fresh approach compared to the established structures of banking oversight, which have evolved over a century. Unlike financial regulations, AI oversight must address rapidly advancing technology and its unique challenges. This shift is crucial because AI's pervasive influence on sectors like healthcare, law, and transportation necessitates careful, forward-thinking regulation to ensure safety and ethical standards. Without a tailored regulatory framework, we risk lagging behind in managing the societal impacts of AI advancements.