The project is implemented with the Directorate-General for Structural Reform Support (DG REFORM) of the European Commission and the OECD Directorate for Financial and Enterprise Affairs, which are co-operating to provide technical support to Member States through a project funded by the European Union via the Technical Support Instrument.
Artificial Intelligence in Italian financial markets
The project will enhance the capacity of Banca d’Italia to identify, understand, and address the policy and supervisory implications arising from the use of AI along the whole financial markets’ value chain, ultimately contributing to improving their stability, resilience, and efficiency.
About
Strengthening the regulatory and supervisory framework and market practices for the use of Artificial Intelligence in Italian financial markets
Context
AI-based applications represent an unprecedented opportunity to modernise and increase the efficiency of the national financial markets, given their potential to streamline and optimise processes, thereby improving efficiency and competitiveness. At the same time, AI applications may create or intensify financial and non-financial risks and could give rise to potential consumer and investor protection considerations, market integrity risks, and possible financial stability risks.
As a result, financial regulators and supervisors have devoted increased attention on understanding and monitoring how AI techniques are being deployed in the financial services sector, reflecting on potential benefits, assessing ensuing risks and their policy implications.
Project outputs and activities
The specific objective of the project is to provide Italy, notably Banca d’Italia, with a comprehensive list of high-level policy considerations and options for the development of policy measures aimed at facilitating the use of AI in Italian financial markets, and at addressing any risks these may pose.
The Project is expected to conclude in April of 2026.
The key outputs and deadlines of the Project are as follows:
Action carried out with funding by the European Union via the Technical Support Instrument and in co-operation with the European Commission's DG Structural Reform Support.
