AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.
December 11, 2023Jonás Fernández said the rule changes will level the playing field among different banking structures in the EU, while ensuring that banks will remain safe.
November 9, 2023The ECB said its Governing Council will decide after the two year preparation phase whether to proceed to the next stage.
October 20, 2023The standards impose strict requirements on companies that choose to use the 'European green bond' or 'EuGB' label.
October 9, 2023AIMA's deputy CEO Jiri Krol said some restrictions are "difficult to justify" but that AIMA has worked with policymakers to ensure they are "better defined and calibrated".
July 25, 2023The position to update Solvency II includes provisions for transition planning aligned to CSRD and explicit integration of ESG risks into insurers’ risk management processes.
July 21, 2023The European Commission says the extension is necessary to avoid destabilising the asset management sector and financial stability risks.
July 20, 2023The GDPR Procedural Regulation aims to streamline cooperation between data protection authorities by harmonising some administrative procedures in cross-border cases.
July 5, 2023Elements of the final Basel III reforms would be phased in starting in January 2025, two years after the globally agreed deadline.
June 28, 2023EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.
June 10, 2023