EU lawmakers call for pragmatic, proportionate AI rules in financial services
( November 12, 2025, 16:17 GMT | Official Statement) -- MLex Summary: EU lawmakers are urging pragmatic regulation of artificial intelligence in financial services, stressing that the current use of AI in finance is cautious and mainly aimed at efficiency rather than innovation, according to a report published by the economic and monetary affairs committee. The text warns that a restrictive approach could undermine the financial sector’s competitiveness and curb investment in AI technologies. It also calls for policies grounded in real-world use, ongoing monitoring of risks, and stronger AI literacy to help the sector safely harness the benefits of AI.Report attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.