The project is implemented by Banca d’Italia, the Reform and Investment Task Force (SG REFORM) of the European Commission and the OECD Directorate for Financial and Enterprise Affairs. It is 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 and other Italian financial authorities 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
Given their potential to streamline and optimise processes, AI-based applications represent an unprecedented opportunity to modernise and increase the efficiency of financial markets, , thereby improving competitiveness.
At the same time, AI applications may create or intensify financial and non-financial risks, for consumer and investor protection, market integrity, and financial stability.
As a result, financial regulators and supervisors are increasingly monitoring and aiming to better understand how AI techniques are being deployed in the financial services sector, assessing potential benefits and risks and the policy implications.
Project outputs and activities
The main objective of the project is to provide Italian authorities, notably Banca d’Italia, with a comprehensive set of policy considerations and options for the development of measures aimed at facilitating the responsible use of AI in Italian financial markets.
The Project is expected to conclude in April 2026.
The key outputs and deadlines of the Project are as follows:
Survey
Contact: NASSR Iota, Iota.NASSR@oecd.org
In March-May 2025, the OECD undertook an industry survey on Artificial Intelligence in Italian financial markets. 450 financial institutions submitted responses. This consultation was conducted under the aegis of Banca d’Italia, the Commissione Nazionale per le Società e la Borsa (CONSOB), the Istituto per la Vigilanza sulle Assicurazioni (IVASS) and the Commissione di Vigilanza sui Fondi Pensione (COVIP).
Further reading
Action carried out with funding by the European Union via the Technical Support Instrument and in co-operation with the European Commission's SG Reform and Investment Task Force.
