Financial institutions across the world should focus on materiality and proportionality in their use of AI in responding to a Financial Stability Board consultation, FSB official Michelle Bowman said. The cons... (more story)

The third round of talks on plans to boost the bloc's securitization framework between EU governments and the European Parliament has been scheduled for Sept. 29 in Brussels, MLex has learned. The legislative ... (more story)

The EU's action plan on cybersecurity and AI won't be accompanied by new legislation, the bloc's tech chief Henna Virkkunen said on Tuesday as it was unveiled. Instead, the European Commission will focus on im... (more story)

Stockholm-based Klarna, known for its buy-now, pay-later services, has become the latest financial technology company to apply to become a regulated US bank. “Banking is built on trust,” Sebastian Siemiatkowsk... (more story)

The European Parliament’s digital euro position is set to face a full assembly vote on Thursday, as the far-right Patriots for Europe group is expected to challenge the committee’s mandate to start talks with ... (more story)

UK watchdogs should consider whether they need greater powers to oversee AI when increasingly autonomous systems create harms that firm-by-firm supervision cannot capture, a report published by the Financial C... (more story)

Koen Lenaerts, a judge at the EU higher-tier court and currently the president of the institution, is on track to be reappointed for another mandate, according to documents seen by MLex. EU member states are s... (more story)

The US Federal Reserve’s proposal for Global Systemically Important Bank surcharges ignores real-life experience with the 2023 banking crisis, the non-profit, non-partisan Better Markets group said. A posting ... (more story)