Brussels, June 18, 2024 – The European Commission is scrutinizing the potential risks of artificial intelligence (AI) within the financial sector as it moves towards finalizing a major new regulatory framework. This sweeping legislation aims to tackle the challenges posed by AI technologies in finance, ensuring their safe and transparent use.
The proposed regulations seek to address concerns about AI’s impact on financial stability and integrity. By investigating these risks, the Commission aims to prevent misuse of AI and safeguard the sector from potential threats. The new laws are designed to enhance oversight and establish clear guidelines for AI applications in finance.
As the Commission finalizes this crucial legislation, the focus remains on balancing innovation with robust risk management to protect both the industry and consumers.
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