Recent communications from the Bank of Italy, IVASS and the ECB regarding the risks associated with cutting-edge AI models call for concrete action and a report to be submitted by 31 December 2026. At the same time, the Bank of Italy has launched a programme of on-site inspections of ICT service providers — including those not classified as critical — which is already having a significant impact on both providers and their clients in the financial sector.
In our article, drawing on our experience of assisting numerous industry players in both areas of activity, we analyse in detail what the authorities expect, what the priority areas for action are, and how to structure an effective compliance programme within the tight timeframe available.
Click here to read the full article
For further information, please contact:
Stefano Febbi, Partner, Bird & Bird
stefano.febbi@twobirds.com
