Two Banks, One AI Model, Two Entirely Different Regulatory Headaches?

European banking supervisors face inconsistent assessments of AI risks due to overlapping regulations like the AI Act, DORA, and prudential rules, creating challenges in a unified supervisory approach. Proposals call for a common supervisory methodology to ensure consistent evaluation of governance, model validation, third-party dependencies, and operational resilience throughout the EU Single Supervisory Mechanism.

This Wire brief sits within Fusion42's coverage of Fintech.