ECON Report On Impact Of AI On The Financial Sector

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has adopted its final report on the impact of AI on the financial sector. This follows the draft report published in May, which highlighted concerns around regulatory overlaps and legal uncertainty, and set out recommendations to encourage responsible use of AI in financial services. This final report builds on those recommendations, reinforcing the need for clarity on how existing financial and other regulations…
By: A&O Shearman