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Event Q&A
Is AI Dependency Is Europe's Next Financial Risk?
A senior policy advisor from a European central bank warns that financial institutions relying on generative AI providers based outside Europe may be courting systemic risk. As firms scramble to define responsible AI use, he argues true resilience will require contextual regulation, European alternatives, and rejecting checkbox accountability.
Aug 08, 2025
Onur Can Koltukcu, Policy Advisor, De Nederlandsche Bank
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- AI reliance on non-European providers poses systemic geopolitical risk
- EU AI Act must allow contextual regulation, not rigid prescriptions
- Regulatory focus should shift from mandates to demanding justification
- Firms must understand that accountability cannot be outsourced
- Concentration risk in generative AI mirrors cloud provider dependencies
- Smaller firms face limited negotiation power with dominant vendors
- Roundtables helped bridge gaps between regulators and institutions
- AI governance must evolve with model development - not be an afterthought
- Central banks should avoid using AI to make supervisory judgments
- Model and governance must be treated as a single, integrated system
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