Cybersecurity Policy Report, Treasury Winds Up Initiative on AI Use in Financial Service Sector, (Feb 19, 2026)

By Tony Foley

The Treasury Department said yesterday that it has concluded a public-private initiative designed to give the financial service sector tools to strengthen cybersecurity and risk management for artificial intelligence.

Noting that the initiative supports the Trump Administration’s AI Action Plan released last July (CPR, July 23, 2025), Treasury said in a press release that over the remainder of the month, it will release a series of six resources developed in partnership with industry and federal and state regulatory partners to enable secure and resilient AI across the U.S. financial system. Specifically, Treasury said that the Artificial Intelligence Executive Oversight Group (AIEOG), representing a partnership between the Financial and Banking Information Infrastructure Committee and the Financial Service Sector Coordinating Council, brought together senior executives from financial institutions, regulators, and other stakeholders to focus on addressing identified gaps in the sector’s use of AI, developing practical tools for use by financial institutions to manage AI-specific cybersecurity risks while continuing to innovate in the space.

“As this Administration has made clear, it is imperative that the United States take the lead on developing innovative uses for artificial intelligence, and nowhere is that more important than in the financial sector,” said Treasury Secretary Scott Bessent. “This work demonstrates that government and industry can come together to support secure AI adoption that increases the resilience of our financial system.”

As noted above, the deliverables from the initiative, which address issues such as governance, data practices, transparency, fraud and digital identity in an integrated way, will be released in stages throughout February. The press release notes that, by focusing on practical implementation rather than prescriptive requirements, the resources are intended to help financial institutions to adopt AI more confidently and securely.

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