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ECB Demands AI Risk Plans from Banks | Europe News
Published 2 days, 14 hours ago
Description
The European Central Bank is demanding Europe’s biggest banks submit AI risk plans by October or face scrutiny — because next-gen AI could weaponize cyberattacks, destabilize financial systems, and compromise customer data. With regulators sounding the alarm, banks must prove their tech is secure and resilient against AI-driven threats, or risk being held accountable in the EU’s escalating AI oversight push.
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