Except this was not the case, it had of course hallucinated what the regulation actually required (I know this because the code in question had already been reviewed by human counsel). This is (supposedly) the most bleeding-edge model available.

We use a lot of genAI to help us write code, but there is no way in the mid-term we could ever rely on these tools to actually build compliant financial products. We'd have to be totally mad. Yes, lots of Fintech companies are using these agents to accelerate, but anyone who's using them to actually ship product without a human actually digging into it is opening themselves up to a world of risk.