AI Act and the ECB: Steering Financial Supervision in the EU

AI Act and the ECB: Steering Financial Supervision in the EU

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AI Act and the ECB: Steering Financial Supervision in the EU

The EU Artificial Intelligence Act (AI Act) is a landmark piece of legislation designed to regulate AI systems according to their risk levels and ensure the protection of fundamental rights. This paper focuses on the interplay between the AI Act and prudential supervision within the EU banking sector, with a particular focus on the role of the European Central Bank.

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