The European Commission (EC), through the Directorate-General for Support for Structural Reforms, in collaboration with the OECD has launched a project exploring the use of artificial intelligence (AI) in Italian financial markets.

The initiative is promoted by the Bank of Italy as part of the technical support instrument, a European Union programme aimed at promoting structural reforms in the member states.

The project will be carried out in collaboration with the Ministry of Economy and Finance, the National Commission for Companies and the Stock Exchange, the Pension Funds Supervisory Commission, and the Institute for the Supervision of Insurance.

The project is designed to analyse the opportunities and risks of the use of AI for Italian financial markets.

In addition to this, it will offer indications to guide the choices of Italian financial authorities in defining concrete measures aimed at facilitating the adoption of AI and, at the same time, containing its risks, to promote innovation and foster the contribution of the financial sector 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 expected to be in spring 2026.

The work will start by analysing the situation in Italy, comparing it to what other OECD countries are doing, and then offering recommendations for the authorities.

To gather this information, the OECD has sent a questionnaire to financial institutions operating in Italy such as banks, institutional investors, and financial market infrastructures.

The organisation will also survey the Italian financial authorities and hold workshops with Italian and foreign representatives of industry and institutions.

The Bank of Italy hopes for wide participation, as this input will help guide the use of AI in Italy’s financial markets and ensure proper regulations are in place. The goal is to strengthen the financial sector and support economic growth.

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