The Bank of Italy announced that the European Commission’s SG Reform, in cooperation with the Organisation for Economic Co-operation and Development (OECD), has launched a project on the use of artificial intelligence (AI) in Italian financial markets, promoted by the Bank of Italy under the European Union’s Technical Support Instrument (TSI). The initiative involves the Ministry of Economy and Finance, Consob, Covip and Ivass and aims to analyse opportunities and risks from AI adoption in Italy’s financial markets. The work is intended to produce guidance to help Italian financial authorities design concrete measures that facilitate AI use while containing associated risks. The OECD, working closely with SG Reform, will draft a final report to be published at the end of the project, expected by spring 2026. Activities include a stocktake of the Italian situation, benchmarking against other OECD countries, a questionnaire sent to different types of financial institutions operating in Italy, a dedicated survey of Italian financial authorities and a series of workshops with selected industry and institutional representatives from Italy and abroad.
Bank of Italy 2025-04-07
Bank of Italy promotes EU Technical Support Instrument project with the OECD on AI use in Italian financial markets
The Bank of Italy announced a project on AI use in Italian financial markets, launched by the European Commission’s SG Reform and the OECD under the EU’s Technical Support Instrument. The initiative, involving multiple Italian financial authorities, aims to analyze AI adoption opportunities and risks, providing guidance for safe implementation. The OECD will publish a final report by spring 2026, following research and stakeholder engagement.