European regulators urge unified AI risk controls for EU lenders and insurers
The European Supervisory Authorities (EBA, EIOPA and ESMA) on Friday called on banks and insurers to adopt a single supervisory approach to cyber risks from frontier artificial intelligence models.
Source: European Securities and Markets Authority · August 12, 2026 at 6:43 PM · AI-assisted report
Single-source
KUALA LUMPUR, 13 AUGUST 2026 —
The European Supervisory Authorities (EBA, EIOPA and ESMA) on Friday called on banks and insurers to adopt a single supervisory approach to cyber risks from frontier artificial intelligence models.
In a joint statement, the regulators outlined governance, prevention and oversight measures to strengthen resilience against ICT threats linked to advanced AI. The measures draw on the European Commission’s AI and cybersecurity plans and work by the European Systemic Risk Board, ENISA and the Single Supervisory Mechanism.
The statement also highlights ongoing DORA oversight of critical ICT third-party providers to address these risks. Regulators urged financial firms and supervisors to use the statement as the basis for supervisory dialogue to keep the EU financial system resilient.
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