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EU watchdog urges banks to prioritize clients in AI usage

May 31, 2024 by DIGIT

The EU’s top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID. Go to Source

Categories AI usage, Banks, client interests, consumer protection, ESMA, EU Regulation, EU watchdog, Financial Services, MiFID, Retail Investment


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  • rippleXRP(XRP)$1.88-1.98%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$123.46-3.15%
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  • bitcoinBitcoin(BTC)$86,767.00-0.76%
  • ethereumEthereum(ETH)$2,858.96-2.38%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$846.39-2.52%
  • rippleXRP(XRP)$1.88-1.98%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$123.46-3.15%
  • tronTRON(TRX)$0.279661-0.29%
  • staked-etherLido Staked Ether(STETH)$2,858.17-2.33%
  • dogecoinDogecoin(DOGE)$0.127221-3.32%