AI and Tech Regulation for the Financial Sector (Volume 41, Number 3–March 2025)
Author: Lothar Determann.; Michaela Nebel.
Source: Volume 41, Number 03, March 2025 , pp.35-54(20)
Abstract:
Financial institutions are typically familiar with compliance requirements because they have been heavily regulated in most places. In addition to sector-specific regulations, financial services businesses increasingly must also address technology regulations. This article explains the approaches to technology and AI regulation in the European Union and in the United States, provides examples of technology regulation in the European Union, and concludes with practical recommendations.Keywords: AI Regulation in the EU and US; NIS2, DORA, and the AI Act
Affiliations:
1: Baker & McKenzie; 2: Baker & McKenzie.