Impacted by the Mythos large model, Wall Street regulators urgently suspend certain banks' cybersecurity inspections

The US Federal Reserve and the Office of the Comptroller of the Currency (OCC) want to give major financial institutions ample time to test this brand new technology and deeply understand its enormous disruptive potential. Currently, regulators and banks are working closely together to conduct comprehensive security stress tests on this model. According to sources familiar with the matter, delaying some cybersecurity inspection timelines will help regulators continually optimize and adjust their existing cyber supervision methodologies during this process. Meanwhile, on-site examiners continue to maintain frequent daily communication with major banks regarding cybersecurity issues. (Bloomberg)