On 11 November 2025, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a report which contained a motion for a European Parliament Resolution on the impact of artificial intelligence (AI) on the financial sector.

Overview

The report examines the use and impact of AI in the financial services sector and the regulatory landscape where the Rapporteur provides policy recommendations to enable the use of AI in financial services and clarify regulatory overlaps. It also addresses aspects specific to the financial services sector within the remit of ECON.

The report highlights the deployment of AI in finance and the potential opportunities to balance innovation with regulation, ensuring compliance and high-quality data to address challenges related to cybersecurity, calling for the European Supervisory Authorities (ESAs) to adapt and monitor the increasing use of AI in financial services and mitigate these risks for consumers and provide financial stability.

Key recommendations

Key recommendations mentioned in the report to ensure the responsible use of AI in financial services include:

  • The proposal to jump-start AI innovation and investment in Europe’s venture capital scene as part of the Savings and Investments Union (SIU).
  • Calls for the European Commission (Commission) to provide clear and practical guidance developed in consultation with the ESAs and Member State competent authorities (NCAs) and stakeholders on the application of existing financial services legislation with regard to the use of AI.
  • Simplification and consistency of the regulatory framework to avoid duplicated requirements including risk assessment reporting requirements and cautions against a one-size-fits-all approach. The report further mentions that continuous monitoring of AI deployment can help determine if there are duplications or deficiencies in current financial services legislation, strongly advising coordination between the Commission and Member States.
  • Calls on the Commission to explore how AI-driven tools can be used in financial markets such as in intermediation, portfolio management and compliance automation to contribute to the objectives of the SIU which will require a technology-neutral regulatory framework.
  • For the Commission and Member States to remove entry barriers within the EU for AI-driven innovative financial undertakings through streamlined licensing, cross border scale-ups and inclusion in supervisory innovation hubs. It also calls on the Commission and the NCAs to assess the added value of AI-specific regulatory sandboxes, innovation hubs and cross-border testing environments to explore new product-testing while safeguarding consumer protection and market integrity.

The motion instructs the President to forward the resolution to the Council, the Commission and the governments and parliaments of Member States.