Regulatory Scrutiny Intensifies on AI Disclosures and Digital Infrastructure Resilience

Regulatory Scrutiny Intensifies on AI Disclosures and Digital Infrastructure Resilience** **Key Finding:** Regulators are moving decisively to police AI-related claims and enforce stringent operational resilience for digital infrastructure. The SEC's first "AI washing" enforcement actions and the final preparatory phases for Europe's Digital Operational Resilience Act (DORA) signal a new era of accountability where unsubstantiated AI marketing and inadequate ICT risk management carry significant financial and reputational penalties. **Detailed Analysis:** This trend is manifesting on two critical fronts. First, the SEC's charges against two investment advisers for misleading AI claims (March 2024) have established a clear precedent: firms will be held accountable for their AI-related marketing under existing anti-fraud rules. This forces a rigorous internal validation of all AI-related public statements, increasing compliance costs. Second, the EU's push for digital resilience is solidifying with the release of the final technical standards for DORA (March 2024) ahead of its January 2025 effective date. These standards mandate robust ICT risk management, incident reporting, and threat-led penetration testing, which directly apply to critical AI systems and the third-party vendors that provide them. This dual focus on truthful disclosure and operational hardening means that governance, risk, and compliance are no longer lagging indicators but are now central to any technology strategy in finance. * **Source:** SEC Press Release, "SEC Charges Two Investment Advisers with 'AI Washing'", March 18, 2024. [https://www.sec.gov/news/press-release/2024-33](https://www.sec.gov/news/press-release/2024-33) * **Source:** EBA Press Release, "ESAs publish second batch of DORA Policy Products for consultation", March 8, 2024. [https://www.eba.europa.eu/esas-publish-second-batch-dora-policy-products-consultation](https://www.eba.europa.eu/esas-publish-second-batch-dora-policy-products-consultation)