72% of banks lack # AI model 'kill switches,' failure reporting This is a finding of Wolters Kluwer's US Banking AI Risk and Governance Index for the first half
A recent survey by Wolters Kluwer found that 72% of U.S. banks do not have "kill switches" or adequate failure reporting mechanisms for their AI models. This finding comes from the US Banking AI Risk and Governance Index for the first half of 2026. The survey included 230 banking professionals from various institution sizes. AI
IMPACT Highlights significant gaps in AI risk management and safety protocols within the banking sector, potentially increasing regulatory scrutiny.