AI in the Financial Sector: BaFin Takes Over Market Surveillance Under the EU AI Act

Germany’s new AI Act implementation law expands BaFin’s mandate to include market surveillance of AI systems used in connection with regulated financial activities. The full German-language article explains which financial institutions and AI use cases are affected, how BaFin plans to integrate AI oversight into its existing supervisory framework, and which compliance deadlines firms should prepare for.

Here you can read the full German article.