Chiara Scotti: From analysis to action - AI in financial markets
Closing remarks by Ms Chiara Scotti, Deputy Governor of the Bank of Italy, at the discussion of the OECD, European Commission and Bank of Italy about the report "Strengthening the regulatory and supervisory framework and market practices for the use of artificial intelligence in the Italian financial markets", Rome, 24 April 2026.
The report that underpins today's discussion is the result of a joint effort between the OECD, the European Commission and Banca d'Italia to better understand how artificial intelligence (AI) is being adopted in the Italian financial sector, with a particular focus on financial markets. The report combines a mapping of current practices with a cross-country perspective in order to identify emerging trends, the main challenges faced by market participants and public authorities, and a range of high-level policy considerations.
Beyond its analytical dimension, the report is intended to provide a structured basis for policy reflection, highlighting areas where further clarity, coordination and capacity-building may be needed to support a sound and effective adoption of AI.
Against this background, I will briefly highlight the main messages that emerge from the report and today's discussion and then focus on the areas where further attention and action appear most needed.
What the evidence shows - and why it matters
Artificial intelligence is no longer just a future prospect for finance. Its use is becoming increasingly significant across the Italian financial sector, and it is gradually extending into financial market activities. Much of this use remains concentrated in ancillary functions, internal processes and decision-support tools. At the same time, it is beginning to influence how core market functions operate.