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EU Banks Must Outline AI Risk Plans by October, ECB Supervisor Says
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The European Central Bank's top supervisor, Claudia Buch, has instructed the EU's largest lenders to submit action plans by the end of October detailing how they will manage risks posed by advanced AI models, citing potential disruptions to the financial system.
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The European Central Bank's top supervisor, Claudia Buch, has instructed the EU's largest lenders to submit action plans by the end of October detailing how they will manage risks posed by advanced AI models, citing potential disruptions to the financial system.
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This article was originally published by Politico EU.
