ECB Steps Up Scrutiny of European Banks' AI Industry Exposure

ECB Steps Up Scrutiny of European Banks' AI Industry Exposure

(Bloomberg) — The European Central Bank is delving into the risks faced by banks in the region from the artificial intelligence industry, amid heightened concern over hidden credit exposures and financial-sector disruption.

European Central Bank Gauges Lenders’ Risks From AI

The European Central Bank is reportedly examining the risks banks face from the AI sector. The ECB is asking lenders for further details on their loans to areas such as data centers, Bloomberg News reported Monday (Feb. 23), citing sources familiar with the matter. At the same time, the ECB is holding workshops to see how banks are employing artificial intelligence, the report added. Bloomberg notes that these efforts highlight the way…

ECB steps up scrutiny of European banks’ AI industry exposure

The central bank is quizzing some banks about their lending to data centres