The FSS will establish an "autonomous security system" that FIs will be able to use to conduct IT audits and self-inspections to identify security threats.
The draft law will define "high-risk AI", business operator responsibilities, the composition of AI committees, and ethical principles.
A supplementary note was added to address today's dependencies on third-party providers for critical shared services, and the digitalisation of such services.
"Investment advisers should not mislead the public by saying they are using an AI model when they are not," said the SEC's Gary Gensler.
The move is a response to the EU's 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.
China UnionPay will spend CNY 3 billion on acceptance terminal upgrades, signage placement and publicity in key cities.
The whitepaper details Project Savannah's goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.
Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.
Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.
Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.
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