James M. Gallagher

Senior Deputy Comptroller and Chief National Bank Examiner, OCC

Appears in 1 story

Last updated Nov 7, 2026

Stories

OCC tells bank examiners to judge AI by consequences, not sophistication

Rule Changes

Signed the November 4, 2026 framework

On November 4, the Office of the Comptroller of the Currency (OCC) told its bank examiners how to review artificial intelligence. The 22-page framework says a simple AI agent that can move money is riskier than a sophisticated model that only writes internal memos.

Updated 2 hours ago