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ECB Vice President Luis de Guindos stresses on finalizing EU banking package CRR3/CRD6 for the digital age. Citing US and Swiss banking issues, he underscores robust regulation, praises euro area banks' resilience, but warns against complacency.

The European Commission has proposed a decision on 2023's contributions to the 11th EDF, following set rules and agreements. These contributions indicate long-term commitments to the EDF, requiring a Council decision within 21 days.

The study reveals a digital payment monopoly can exploit households' privacy for creditworthiness assessment. This forces a privacy-credit trade-off and invites regulation due to the potential misuse of payment data by tech monopolists.

Parliament and Council are debating AI Act amendments. Proposed changes include a 4-yearly impact report on AI development, deployment, pricing, and rights protection. The report will assess effects on consumers, SMEs, and AI investments, and scrutinize large platforms' compliance with EU rules.

Financial leaders need adaptable GRC solutions for complex regulations, cyber threats, and market challenges. Next-gen AI-powered platforms enhance efficiency, profitability, and risk management. Empowering the first line of defense fosters a strong risk culture.