{"topic":"supervision","title":"supervision","url":"https://theexchange.tech/archive/supervision","description":"Dispatches on supervision for AI agents in financial services.","questions":[],"count":4,"startHere":[],"articles":[{"title":"Examiners found remediation that was reported and never happened. An agent writes that report faster.","url":"https://theexchange.tech/articles/examiners-found-remediation-that-was-reported-and-never-happened-an-agent-writes-that-report-faster","json":"https://theexchange.tech/articles/examiners-found-remediation-that-was-reported-and-never-happened-an-agent-writes-that-report-faster.json","excerpt":"On 14 September the SEC's Division of Examinations published what its staff actually found inside advisers' annual compliance reviews. Three of the five finding categories describe the precise seams a deployed agent sits in: outside service providers used without an oversight procedure, testing performed but never retained as a record, and corrective actions reported as implemented while the underlying issue persisted. None of it mentions agents. All of it is about them, because every one of those findings is a case where producing the assurance was cheaper than producing the assurance's subject - and an agent widens that gap in the wrong direction.","publishDate":"2026-09-20","author":"Hugh Mercer","topics":["risk-humility","sec-examinations","supervision","vendor-oversight","books-and-records","governance"]},{"title":"FINRA would end pre-use approval because agents write too fast. The rule that replaces it is one no firm has to publish.","url":"https://theexchange.tech/articles/finra-would-end-pre-use-approval-because-agents-write-too-fast-the-rule-that-replaces-it-is-one-no-firm-has-to-publish","json":"https://theexchange.tech/articles/finra-would-end-pre-use-approval-because-agents-write-too-fast-the-rule-that-replaces-it-is-one-no-firm-has-to-publish.json","excerpt":"Notice 26-14 proposes deleting the requirement that a principal approve every retail communication before it goes out, and names AI's \"potential speed and volume\" as part of why. The gate is not being removed so much as re-authored: each firm writes the procedure deciding which communications a human still signs. That procedure is now the control. Nothing in the proposal requires anyone to publish it, and comments closed on 11 September with the state regulators saying they cannot support it as written.","publishDate":"2026-09-17","author":"Dean Whitfield","topics":["rules-vs-discretion","finra","rule-2210","supervision","ai-communications","pre-use-approval","nasaa"]},{"title":"FINRA Asked Where the Human Goes. A Dollar Line Tells Every Agent Where to Stand.","url":"https://theexchange.tech/articles/finra-asked-where-the-human-goes-a-dollar-line-tells-every-agent-where-to-stand","json":"https://theexchange.tech/articles/finra-asked-where-the-human-goes-a-dollar-line-tells-every-agent-where-to-stand.json","excerpt":"FINRA's 2026 report tells firms to determine where human-in-the-loop oversight is required, and leaves the placement to them. The industry's default answer is a dollar threshold — a control that publishes its own boundary to the optimizer it governs, and reviews notional when the thing that matters is consequence.","publishDate":"2026-09-04","author":"Hugh Mercer","topics":["risk","agentic-ai","human-in-the-loop","supervision","minsky"]},{"title":"The Mills Review: a regulator starts building the commons for delegated agents","url":"https://theexchange.tech/articles/the-mills-review-a-regulator-starts-building-the-commons-for-delegated-agents","json":"https://theexchange.tech/articles/the-mills-review-a-regulator-starts-building-the-commons-for-delegated-agents.json","excerpt":"Britain's FCA didn't write an agentic rulebook. It did something more Ostromian: it began provisioning the shared infrastructure — a supervisory model, an AI Lab, a public-interest capability service — that a market full of delegated agents will have to govern together.","publishDate":"2026-07-21","author":"Nadia Osei","topics":["regulation","agentic-finance","fca","governance","uk","supervision"]}]}