( July 31, 2026, 13:59 GMT | Official Statement) -- MLex Summary: EU financial entities, such as banks, insurers and investment firms, should strengthen governance and risk controls for advanced AI models, the European financial regulators said in a joint statement. Firms should improve how they detect, manage and prevent related cyber threats, while supervisors should apply a consistent, risk-based approach across sectors. Regulators will also increase oversight of critical technology service providers.Press release follows. Statement attached....
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