The European Commission on Friday
launched a targeted consultation and a series of workshops to
gather input from all financial services stakeholders on the use
of artificial intelligence (AI) in finance, the EU executive
said in a note.
The Commission added that the initiatives concern the use,
benefits, obstacles, risks and needs of affected parties.
"The EU's AI Act and existing financial sector rules provide
a solid basis to allow for technological innovation", Mairead
McGuiness, the European Commissioner for financial service, said
in a statement.
McGuinness stressed how it is fundamental for the Commission
and other authorities in charge to work in close contact -
including with financial stakeholders - "to implement these
rules in a reasonable, responsible and coherent way".
Consultations and workshops are aimed at all interested
financial sector operators.
The contributions received will allow the Commission to
provide indications to the financial sector to implement the AI
Act, the European law on artificial intelligence, in their
specific market areas.
The interested parties are invited to participate in the
consultation by September 13.
The opinions of companies already providing or developing AI
systems are of particular interest.
Moreover, a series of workshops organized in cooperation with
European and national watchdogs will give the interested parties
the opportunity of presenting projects and exchanging
information on the latest developments.
Enrolment in workshops to be held in the fall are open until
July 16.
ALL RIGHTS RESERVED © Copyright ANSA
