ECB Sets Limits on AI in Major Banks: New Era for Financial Regulation

The European Central Bank (ECB) has set limits on artificial intelligence in major banks, requiring them to submit action plans by October 31st, 2026. This decision marks a shift in paradigm as AI is no longer seen merely as a tool for improving efficiency, but as a technology that must meet the same standards of transparency and control as any other critical infrastructure within the financial system.

The ECB believes that artificial intelligence has become a daily part of financial institutions' operations and must be accompanied by mechanisms ensuring customer security, human oversight, and the traceability of decisions. This regulatory approach highlights that the debate is no longer about whether banks will use AI but how they will use it.

Isaac Sene, Chief AI Officer of SENSO, notes that 'artificial intelligence is only valuable if it generates trust.' He emphasizes the importance of AI explaining its recommendations and operating transparently, always keeping the user at the center. This vision has led 11Onze to partner with SENSO, an artificial intelligence platform designed to help clients understand their wealth, identify optimisation opportunities, and make more informed financial decisions.