Banca d'Italia announces that the European Commission - SG Reform, in cooperation with the Organisation for Economic Co-operation and Development (OECD) has launched a project dedicated to the use of artificial intelligence (AI) in the Italian financial markets. The initiative is promoted by Banca d'Italia under the Technical support instrument (TSI), a European Commission programme to support structural reforms in Member States.
The project benefits from the collaboration of Ministero dell'Economia e delle finanze (MEF), Commissione nazionale per le società e la borsa (Consob), Commissione di vigilanza sui fondi pensione (Covip) and Istituto per la vigilanza sulle assicurazioni (Ivass).
The aim of the project is to analyse opportunities and risks of the use of AI for the Italian financial markets and to offer indications that will help guide the choices of Italian financial authorities in the definition of concrete measures aimed at facilitating the adoption of AI and, at the same time, at containing its risks, in order to promote innovation and foster the financial sector's contribution to economic growth.
The OECD, in close cooperation with SG Reform, will prepare a final report, which will be published at the end of the project, scheduled for spring 2026. The work will consist of a survey of the situation in Italy, a comparison with experiences in other OECD countries and the development of useful considerations for authorities. In this context, the OECD sent out a questionnaire to different types of Italian financial institutions (banks, institutional investors, financial market infrastructures, etc.). This will be followed by an ad hoc survey among Italian financial authorities and a series of workshops with selected representatives of the Italian and foreign industry and institutions.
Banca d'Italia hopes for a broad participation of the players involved, whose contribution will be crucial in outlining useful considerations to promote artificial intelligence innovation applied to Italian financial markets within an appropriate regulatory and supervisory framework, with the ultimate goal of strengthening the financial sector's contribution to economic growth.
