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Artificial Intelligence European Supervisory Authorities (ESAs)

MoFo Tech

Strengthened AI Oversight in the Netherlands

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EU countries will need to designate supervisory authorities (SAs) for the EU AI Act by August 2025. Contrary to GDPR, for example, a single country is allowed to appoint multiple AI SAs. Furthermore, an SA could be appointed...more

BCLP

European Data Protection Board's Opinion on AI Models

BCLP on

On 17 December 2024, the European Data Protection Board (EDPB) adopted its opinion on certain data protection aspects related to the processing of personal data in the context of AI models (Opinion). The Opinion comes as a...more

HaystackID

GDPR and AI Models: Key Insights from the EDPB’s Latest Opinion

HaystackID on

The European Data Protection Board (EDPB) has released a comprehensive opinion addressing key data protection concerns related to the development and deployment of artificial intelligence (AI) models. The opinion, requested...more

K&L Gates LLP

Brussels Regulatory Brief: October 2024

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On 18 September 2024, the General Court of the European Union (General Court) largely upheld the fine imposed by the European Commission (Commission) finding that a global tech company had engaged in predatory pricing of its...more

Goodwin

EU AI Act: Key Points for Financial Services Businesses

Goodwin on

The European Union (EU) Artificial Intelligence Act (AI Act), Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending...more

A&O Shearman

Regulatory monitoring: EU version Newsletter - July 2024

A&O Shearman on

1. Bank regulation - 1.1 Prudential Regulation - (a) General - (i) International - BCBS: Consultation on report regarding various technical amendments and FAQs - Status: Consultation - Deadline for the submission of...more

A&O Shearman

European Commission Consults on Artificial Intelligence in the Financial Sector

A&O Shearman on

The European Commission has published a consultation on the use of artificial intelligence in the financial sector. The consultation aims to aid the Commission in developing guidance for the financial sector across all market...more

Hogan Lovells

UK FCA, PRA and BoE publish discussion paper (DP5/22) on AI and machine learning

Hogan Lovells on

In the discussion paper, the UK financial supervisory authorities have not provided a new legal framework or their intended future approaches for regulating the use of AI and machine learning in financial services. However,...more

Morrison & Foerster LLP

New European Fintech Regulations Affecting ICT Providers

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Both the EU and the UK are taking steps to enhance the rules in the financial services sector to add a new layer of direct regulation for key technology providers to banks and other regulated financial services institutions –...more

Alston & Bird

Italian Supervisory Authority Imposes 20 Million EUR Fine on Controller Outside of Europe

Alston & Bird on

The Italian Garante per la Protezione dei dati Personali (‘Italian SA’) published a decision of February 10, 2022 in which it imposes a 20 million EUR fine on a company outside of Europe for violation of the EU General Data...more

Hogan Lovells

AI & Algorithms (Part 6): Spain to create Europe's first supervisory agency for artificial intelligence

Hogan Lovells on

The European Union is investing resources and issuing legal tools in order to foster the lawful and accountable use of artificial intelligence (AI). In Spain, the Government is also working to promote and maximize the use of...more

Proskauer Rose LLP

Regulation Round Up - April 2018

Proskauer Rose LLP on

3 April - The Financial Conduct Authority ("FCA") published a press release, warning that it intends to take action against general insurance firms that fail to properly implement the rules aimed at increasing...more

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