NYDFS FINALIZES AI GUIDANCE FOR INSURANCE COMPANIES; ARE BANKS NEXT?

•   According to the agency, “DFS has finalized the guidance with careful consideration of the valuable feedback received from regulated entities and other key stakeholders, including trade associations, advisory firms, universities, and the broader public.”

•   Superintendent Adrienne Harris has said recently, in several public settings (including the IIB Conference in March), that guidance for banks is around the corner.