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Essay on “AI and Category Errors”
Today the Forum on Financial Supervision at LSE’s Systemic Risk Centre published my essay, “AI and Category Errors“. In it, I pose the question: Is AI a model, software, or third party service? The answer matters because the risk management frameworks for each are quite different. Below is an excerpt. At regulated financial institutions, models, Continue reading
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Paper on “AI Actionability Over Interpretability”
Today, I shared a working paper titled “AI Actionability Over Interpretability” on Substack and LinkedIn. I propose taking a pragmatic approach to risk managing and building trust in generative AI. Instead of trying to understand and interpret AI model calculations, we should structure their use so that actionable fixes can be made when things go Continue reading
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Presentation on “AI-Enabled Agility: Reimagining Central Banks”
On September 9 in Kuala Lumpur, Malaysia, I gave a presentation and participated in a fireside chat at SEACEN’s “High Level Course on Leadership in the Age of AI: Empowering Central Bank Leaders”. My presentation focused on the challenges facing central banks today and how AI can help to meet them, as summarized in this Continue reading
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Fireside with the American Fintech Council
On August 28, 2025, I had a fireside chat with Phil Goldfeder, CEO of the American Fintech Council. We discussed innovation and regulation. I shared several war stories from the 2008 GFC and my tenure at the OCC to provide perspective on the topic. We also discussed current events and the outlook for finreg. Continue reading
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Keynote Panel on “An Increasingly Uncertain World” for PIDM
On August 26, 2025, I joined a keynote panel titled, “An Increasingly Uncertain World,” hosted by the Malaysian deposit insurance authority, PIDM. The panel was moderated by Jessica Chew, Technical Advisor and former Deputy Governor of Bank Negara Malaysia, Malaysia’s central bank . I was joined by Tan Sri Shahril Ridza Ridzuan, Chairman of Standard Continue reading
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Publication of “Cybernetic and Superintelligent Supervision”
On July 22, 2025 the Forum on Financial Supervision, which is part of the London School of Economics’ Systemic Risk Centre, published my essay, “Cybernetic and Superintelligent Supervision“. The essay highlights that banking supervision’s ability to be effective is being challenged by long-term, irreversible trends. To adapt, supervision needs to cover more ground, better, and Continue reading
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Keynote Fireside on “GENIUS and Stablecoins” at Vanderbilt’s Conference on Market Structure
On June 27, 2025, I joined Chris Giancarlo, former Chair of the CFTC, for a fireside chat on the GENIUS Act and stablecoins, at Vanderbilt Law School’s Conference on Market Structure in New York. The discussion was moderated by Robert Armstrong of the Financial Times. We discussed and debated the use cases for stablecoins, the Continue reading
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Workshop on “Cybernetic Supervision” for the ECB’s Technology and Innovation Division
On July 1, 2025, I led a two-hour virtual workshop on “Cybernetic Supervision” for the ECB’s Technology & Innovation Division (TIN). The workshop built off of my March 20 presentation to the ECB Supervisory Board, focusing on operationalizing the ideas presented. The workshop included live demos of publicly-available AI tools — from deep research to Continue reading
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Fireside on the “Impacts of an America First Agenda” at Central Banking’s Annual Meeting
On June 12, 2025, I participated in a fireside chat with Chris Jeffrey, Editor-in-Chief of Central Banking, at Central Banking’s annual London meeting. We discussed the implications of the U.S.’s “America First” policies for the dollar, Treasuries, bank regulatory priorities, and international financial cooperation. The discussion was reported here. Continue reading
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Presentation on “Cybernetic Supervision” to the ECB Supervisory Board
On March 20, 2025, at the invitation of Claudia Buch, Chair of the ECB Supervisory Board, I made a presentation on “Cybernetic Supervision” to the full Supervisory Board in Frankfurt. I framed supervision as a feedback mechanism (see graphs below), where the challenges of minimizing both “type 1 and type 2 errors” are heightened, especially Continue reading
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Mike Hsu 