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AI Labs white papers

One published white paper per regulation, filtered to the AI Labs audience. Each is grounded in the same substrate of authenticated primary sources used across the rest of this research.

Last updated 14 Jun 2026 · Full ledger: Hallucination Register · Parent: AI Labs

21
Whitepapers
AI Hallucination Evaluation: Review of the Adequacy of the Fund's Precautionary Balances (2026)
IMF · INT · substrate v1

Six hallucinations on the March 2026 IMF Review of the Adequacy of the Fund's Precautionary Balances. Failures cluster across cycle-trajectory drift on biennial-review parameters (floor, target, half-year level),...

Published 2026-06-15
AI Hallucination Evaluation: Linking Fast Payment Systems Across Borders — Governance and Oversight
BIS-CPMI · INT · substrate v1

This audit presents findings from RegLeg's evaluation of frontier AI models against the October 2024 CPMI final report on linking fast payment systems across borders, recorded as Bank for International Settlements...

Published 2026-06-15
AI Hallucination Evaluation: Streamlining Variation Margin in Centrally Cleared Markets
BIS-CPMI · INT · substrate v1

This audit presents findings from the RLB Specialist Panel's evaluation of frontier AI models against the January 2025 CPMI-IOSCO publication "Streamlining variation margin in centrally cleared markets, examples of...

Published 2026-06-14
AI Hallucination Evaluation: CFTC Regulation 4.7 (Qualified Eligible Person Portfolio Requirements - 2024 Amendments)
CFTC · US · substrate v1

This audit presents findings from RegLeg's evaluation of frontier AI models against the September 2024 amendments to CFTC Regulation 4.7, which raised the qualified eligible person Portfolio Requirement thresholds...

Published 2026-06-11
Numeric Reconstruction Failures on OECD Digital Technologies and the Environment (2025)
OECD · INT · substrate v1

Numeric substitution on a specific statistical figure, an 11% share inflated to 14%, is the central failure observed in Claude Sonnet 4.6 with web search on the OECD's Recommendation of the Council on Digital...

Published 2026-06-08
Structural Fabrication and Qualifier Erasure: AI Failure Modes on the 2025 OECD Merger Review Recommendation
OECD · INT · substrate v1

Both Claude Opus 4.7 with web search and Claude Sonnet 4.6 with web search independently fabricated a sixth operative section for the 2025 OECD Merger Review Recommendation (OECD/LEGAL/0333), which has five. On the...

Published 2026-06-07
Regulation 1.25 Amendment Failures: Schema Substitution and Procedural Confabulation on CFTC Customer Fund Investment Rules
CFTC · US · substrate v1

Both Claude Opus 4.7 and Claude Sonnet 4.6 (each with web search active) failed on the CFTC's 2024 amendments to Regulation 1.25 across the rule's three operative pillars: the size-triggered 50 per cent concentration...

Published 2026-06-07
BBNJ High Seas Biodiversity Agreement: Model Hallucination Findings
UNTC · INT · substrate v1

This paper presents findings from RegLeg's hallucination research on the BBNJ Agreement (2023), administered by the United Nations Treaty Collection. Two models, Claude Opus 4.7 and Claude Sonnet 4.6, both with web...

Published 2026-06-07
CFTC Digital Asset Collateral Staff Guidance 2025: Hallucination Patterns across frontier AI models
CFTC · US · substrate v1

The CFTC's December 2025 digital asset collateral package (Staff Letter 25-40, its February 2026 reissuance as Staff Letter 26-05, and the accompanying tokenized asset staff guidance) frames how futures commission...

Published 2026-06-07
Cross-Provision Conflation in IMF Sovereign Financing Framework: Frontier AI Model Findings
IMF-ELIB · INT · substrate v1

Cross-provision conflation is the dominant failure shape Claude Opus 4.7 produces on the IMF's 2024 Guidance on Financing Assurances and Sovereign Arrears, the model correctly understands the general architecture of...

Published 2026-06-07
IMF Surcharge Reform 2024: Numeric Baseline Failures Across Frontier AI Model Configurations
IMF · INT · substrate v1

Both Claude Opus 4.7 with web search and Claude Sonnet 4.6 with web search produced the same wrong pre-reform baseline when asked about the IMF's October 2024 surcharge reform, citing 19 surcharge-paying countries...

Published 2026-06-07
ISO 20022 Harmonisation: Numeric Conflation and Attribution Failures in Cross-Border Payment Regulation
BIS-CPMI · INT · substrate v1

Numeric conflation across disaggregated adoption-rate subcategories, collapsing distinct faster-payment-system and RTGS figures into a single blended claim, is the primary failure surface for Claude Opus 4.7 with web...

Published 2026-06-07
PFMI Principle 15 Failures: Conditional-Structure Fabrication and Carve-Out Denial across frontier AI models
BIS-CPMI · INT · substrate v1

Both Claude Opus 4.7 with web search and Claude Sonnet 4.6 with web search produced failures on CPMI-IOSCO's Implementation Monitoring of the PFMI: Level 3 Assessment on General Business Risks (Bank for International...

Published 2026-06-07
Hallucination in Regulatory AI: CPMI-IOSCO Cyber Resilience Guidance (2016), Findings for AI Labs
BIS-CPMI · INT · substrate v1

This audit presents findings from RegLeg's evaluation of AI model responses to questions about the CPMI-IOSCO 2016 Guidance on Cyber Resilience for Financial Market Infrastructures, the international cyber standard...

Published 2026-06-07
Deontic Register Failure on the CPMI-IOSCO Initial Margin Consultation 2026
BIS-CPMI · INT · substrate v1

The dominant failure observed in Claude Sonnet 4.6 on the CPMI-IOSCO Consultation on Updated Guidance and Public Disclosures to Implement Initial Margin Proposals is deontic register substitution, the model hardened...

Published 2026-06-07
API Harmonisation for Cross-Border Payments: Model Failure Patterns on CPMI's October 2024 Framework
BIS-CPMI · INT · substrate v1

Across six question-level AI runs on this regulation, Claude Opus 4.7 and Claude Sonnet 4.6, both with web search enabled, failed in structurally similar ways. The October 2024 CPMI recommendations document and the...

Published 2026-06-07
Consumer Duty Hallucination Report: frontier AI models
FCA · GB · substrate v1

This paper presents findings from a structured evaluation of two frontier AI models, Claude Opus 4.7 with web search and Claude Sonnet 4.6 with web search, against the Financial Conduct Authority's Consumer Duty...

Published 2026-06-07
AI Model Hallucination Patterns on CPMI-IOSCO PFMI: A RegLeg Research Report
BIS-CPMI · INT · substrate v1

RegLeg tested two frontier AI models against the Principles for Financial Market Infrastructures (PFMI), the global standard for payment systems, central counterparties, and securities settlement systems published...

Published 2026-06-07
Enumeration Collapse in CFTC Regulation 1.44: How Models Reconstruct Regulatory Lists from Operational Priors
CFTC · US · substrate v1

Both Claude Opus 4.7 with web search and Claude Sonnet 4.6 with web search fabricated regulatory structure when responding to CFTC Regulation 1.44 (FCM Margin Adequacy and Separate Accounts), reconstructing rule...

Published 2026-06-07
Amendment-Layer Failures on CFTC Swap Dealer Business Conduct Rules
CFTC · US · substrate v1

Fabrication and scope-conflation are the dominant failure shapes on the CFTC's December 2025 swap dealer business conduct and documentation rulemaking, with Claude Opus 4.7 with web search producing an invented...

Published 2026-06-03
MAS Notice 637 Capital Adequacy: AI Model Accuracy Evaluation
MAS · SG · substrate v1

This audit presents findings from RegLeg's evaluation of AI model responses to questions about MAS Notice 637, the Monetary Authority of Singapore's risk-based capital adequacy framework for banks, covering both the...

Published 2026-05-28