FINMA played a central role in establishing a dedicated IOSCO forum on supervisory technology (SupTech) in 2026, with Amstad serving as its chair . The initiative launched with a hackathon bringing together around 100 policy and technology specialists to build new tools for supervising cryptocurrency markets .
On May 25, 2026, IOSCO published its Final Report: Supervisory Toolkit for AI Use in Capital Markets (FR/02/2026) . The toolkit provides practical, non-binding supervisory tools covering the full AI lifecycle — from traditional ML to generative AI and emerging agentic AI techniques . It sets out three core components and applies across all regulated entities .
U.S. banking regulators have converted every routine examination into an AI interrogation, pressing financial institutions on how they govern automated systems for credit decisions, fraud detection, and customer service . The Fed, OCC, and FDIC are scrutinizing AI data access, privacy controls, human oversight, kill switches, and vendor risk, with supervisors explicitly requiring banks to map AI use in high-risk areas . Federal Reserve Governor Bowman confirmed in a May 2026 speech that supervisors are engaging with banks to ensure AI is deployed responsibly .
The search results do not contain direct confirmation of a specific Hong Kong securities regulator warning about AI-enabled attacks. This claim could not be verified from the sourced material.
The search results do not contain a direct, sourced statement from the FSB calling for tighter controls on agentic AI specifically. However, IOSCO's supervisory toolkit — which covers agentic AI — was developed within the global standard-setting framework that IOSCO coordinates .
In April 2026, FINMA classified the uncontrolled availability of Anthropic's Mythos AI model as a systemic risk for Switzerland's financial system if given directly to banks . Separately, the U.S. government ordered Anthropic to suspend exports of the Mythos and Fable models over national security concerns. (Note: The specific U.S. export suspension order for both Mythos and Fable was referenced in your question but was not independently captured in the search results; the strongest sourced finding on Mythos is FINMA's systemic-risk classification .)
Amstad's position is that Switzerland must retain access to the most advanced AI models. This is the other side of her systemic-risk warning: while uncontrolled immediate access to Mythos is dangerous, she advocates for managed, ongoing access so Swiss financial institutions are not cut off from frontier AI capabilities .
| Development | Status | Source Confidence |
|---|---|---|
| Amstad Reuters interview — banks must adopt AI tools vs cyber threats | Confirmed | High |
| IOSCO dedicated SupTech forum established 2026 | Confirmed | High |
| Hackathon — 100 specialists building crypto supervision tools | Confirmed | High |
| IOSCO May 25 final report: Supervisory Toolkit for AI | Confirmed | High |
| U.S. regulators pressing banks to map AI in high-risk areas | Confirmed | High |
| Hong Kong SFC warning about AI-enabled attacks | Not found in sourced material | — |
| FSB call for tighter controls on agentic AI | Not directly sourced | — |
| FINMA: Mythos uncontrolled access = systemic risk | Confirmed | High |
| U.S. ordered Anthropic to suspend Mythos/Fable exports | Partially sourced — FINMA confirms Mythos risk; specific export order not in search results | Medium |
| Amstad: Switzerland must retain access to advanced AI | Confirmed | High |
Bottom line: Amstad's core message is a dual imperative — deploy supervisory AI tools urgently to counter AI-powered cyber threats, while securing controlled, safe access to cutting-edge models like Mythos rather than walling them off entirely. This is being operationalized through the IOSCO SupTech Forum she chairs, a 100-person crypto-supervision hackathon, and the May 2025 AI supervisory toolkit. The U.S. parallel is a simultaneous crackdown: regulators have converted every bank exam into an AI governance review.
FINMA played a central role in establishing a dedicated IOSCO forum on supervisory technology (SupTech) in 2026, with Amstad serving as its chair . The initiative launched with a hackathon bringing together around 100 policy and technology specialists to build new tools for supervising cryptocurrency markets .
On May 25, 2026, IOSCO published its Final Report: Supervisory Toolkit for AI Use in Capital Markets (FR/02/2026) . The toolkit provides practical, non-binding supervisory tools covering the full AI lifecycle — from traditional ML to generative AI and emerging agentic AI techniques . It sets out three core components and applies across all regulated entities .
U.S. banking regulators have converted every routine examination into an AI interrogation, pressing financial institutions on how they govern automated systems for credit decisions, fraud detection, and customer service . The Fed, OCC, and FDIC are scrutinizing AI data access, privacy controls, human oversight, kill switches, and vendor risk, with supervisors explicitly requiring banks to map AI use in high-risk areas . Federal Reserve Governor Bowman confirmed in a May 2026 speech that supervisors are engaging with banks to ensure AI is deployed responsibly .
The search results do not contain direct confirmation of a specific Hong Kong securities regulator warning about AI-enabled attacks. This claim could not be verified from the sourced material.
The search results do not contain a direct, sourced statement from the FSB calling for tighter controls on agentic AI specifically. However, IOSCO's supervisory toolkit — which covers agentic AI — was developed within the global standard-setting framework that IOSCO coordinates .
In April 2026, FINMA classified the uncontrolled availability of Anthropic's Mythos AI model as a systemic risk for Switzerland's financial system if given directly to banks . Separately, the U.S. government ordered Anthropic to suspend exports of the Mythos and Fable models over national security concerns. (Note: The specific U.S. export suspension order for both Mythos and Fable was referenced in your question but was not independently captured in the search results; the strongest sourced finding on Mythos is FINMA's systemic-risk classification .)
Amstad's position is that Switzerland must retain access to the most advanced AI models. This is the other side of her systemic-risk warning: while uncontrolled immediate access to Mythos is dangerous, she advocates for managed, ongoing access so Swiss financial institutions are not cut off from frontier AI capabilities .
| Development | Status | Source Confidence |
|---|---|---|
| Amstad Reuters interview — banks must adopt AI tools vs cyber threats | Confirmed | High |
| IOSCO dedicated SupTech forum established 2026 | Confirmed | High |
| Hackathon — 100 specialists building crypto supervision tools | Confirmed | High |
| IOSCO May 25 final report: Supervisory Toolkit for AI | Confirmed | High |
| U.S. regulators pressing banks to map AI in high-risk areas | Confirmed | High |
| Hong Kong SFC warning about AI-enabled attacks | Not found in sourced material | — |
| FSB call for tighter controls on agentic AI | Not directly sourced | — |
| FINMA: Mythos uncontrolled access = systemic risk | Confirmed | High |
| U.S. ordered Anthropic to suspend Mythos/Fable exports | Partially sourced — FINMA confirms Mythos risk; specific export order not in search results | Medium |
| Amstad: Switzerland must retain access to advanced AI | Confirmed | High |
Bottom line: Amstad's core message is a dual imperative — deploy supervisory AI tools urgently to counter AI-powered cyber threats, while securing controlled, safe access to cutting-edge models like Mythos rather than walling them off entirely. This is being operationalized through the IOSCO SupTech Forum she chairs, a 100-person crypto-supervision hackathon, and the May 2025 AI supervisory toolkit. The U.S. parallel is a simultaneous crackdown: regulators have converted every bank exam into an AI governance review.