The U.S. Department of the Treasury has released two new resources aimed at guiding the responsible use of artificial intelligence across the financial sector, advancing the President’s AI Action Plan.
Announced February 19, 2026, the publications include a shared Artificial Intelligence Lexicon and a Financial Services AI Risk Management Framework (FS AI RMF). Treasury officials say the tools are designed to establish clearer standards and strengthen risk-based governance as financial institutions accelerate AI adoption.
“Implementing the President’s AI Action Plan requires more than aspirational statements, it requires practical resources that institutions can use,” said Derek Theurer, who is performing the duties of Deputy Secretary of the Treasury. He added that creating a common language for AI and a tailored risk framework will help protect consumers while supporting innovation.
The AI Lexicon establishes standardized definitions for key AI concepts, capabilities, and risk categories. Treasury officials said inconsistent terminology has complicated oversight and compliance as banks and financial firms deploy AI in areas such as decision-making, fraud detection, customer service, and operational management. By aligning terminology across regulatory, technical, legal, and business functions, the Lexicon aims to improve coordination and supervision.
The Financial Services AI Risk Management Framework builds on the National Institute of Standards and Technology’s AI Risk Management Framework, adapting it to the regulatory and operational realities of financial services. The FS AI RMF provides tools to evaluate AI use cases, manage risks across the AI lifecycle, and embed accountability, transparency, cybersecurity, and operational resilience into deployment decisions. Treasury said the framework is scalable, allowing both community banks and multinational institutions to tailor implementation based on size and complexity.
The resources were developed through collaboration between the Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council’s Artificial Intelligence Executive Oversight Group.
Treasury officials said the publications are part of a broader series of deliverables addressing identity, fraud, explainability, and data governance. The department plans continued engagement with regulators and industry stakeholders to reinforce safety and stability as AI adoption expands across the U.S. financial system.
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