I hope the readers of this column will excuse the lack of decorum in the title, but in reading and listening to the words of the Federal Reserve Board’s members over the past month, I hear a lot of hedging. And far be it from me to second guess the respective governors and regional presidents of our central bank.

Artificial intelligence is here to stay, whether it’s generative AI, part of your bank’s neural network or both. That’s why having an AI policy is important—but how you go about writing it depends on how you plan to use this technology.

Data-driven personnel assessments have become a key part of how many banks and financial institutions enhance their human resources strategies and mitigate employment-related risks and liability. Although personnel data analyses offer many benefits, they can also generate risks if implemented or used without due care.