AI Reports · KPMG · 2026-11-03 · Blog / commentary
AI governance: Emerging ECB supervisory expectations
The ECB has stepped up its supervision of banks' AI adoption, governance and internal controls, including requiring banks to assess AI-powered cyber threats and develop action plans. Significant banks were also asked to complete a detailed questionnaire on their AI strategies and risk management. The ECB has not published specific AI guidance, instead arguing that existing good-governance principles should apply to AI.