BaFin takes over financial market surveillance under the EU AI Act
According to a McDermott analysis of 17 August 2026, BaFin is taking over AI market surveillance in the financial sector under the EU AI Act. The German regulator will thus also check financial institutions' AI compliance.
Who is affected and how
- banking professional
- Classifying lending and fraud-detection AI models as high-risk may bring supervisory review.
Sources
- AI in the Financial Sector: BaFin Takes Over Market Surveillance Under the EU AI Act | McDermottmcdermottlaw.com · Aug 17, 2026
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