Source: Association of German Banks

The Association of German Banks publishes a position paper advocating for a legal framework that supports AI innovation in the financial sector. The paper stresses the need to balance regulatory requirements with fostering innovation and competitiveness.

It recommends clear governance and compliance structures, highlights concerns about regulatory burdens, and calls for harmonized rules at national and EU levels. The paper emphasizes data protection and security and encourages ongoing dialogue between industry and regulators.