Lagarde Tells ESRB AI Adoption Among Euro Area Banks Nearing Universal
Christine Lagarde's welcome address to the ESRB's tenth annual conference sets AI adoption as the organisation's next system-wide test, 15 years after the board was created in response to the financial crisis. The speech cites adoption and investment survey figures but stops short of outlining specific ESRB monitoring or policy steps, making it a scene-setter rather than an announcement.
- Nearly nine out of ten significant euro area banks now use generative AI, according to the figures Lagarde cited.
- Seven out of ten respondents to a recent survey of EU securities market firms expect to increase their AI investment.
- The speech was delivered as the European Systemic Risk Board marked 15 years since its creation.
- Lagarde identified AI's rising importance as a test of the ESRB's system-wide supervisory perspective, without detailing specific new measures in the excerpted remarks.
Executive summary
Christine Lagarde, President of the European Central Bank and Chair of the European Systemic Risk Board, delivered a welcome address at the ESRB's tenth annual conference in Frankfurt on 1 October 2026, as the board marked 15 years since its…
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Source documents
https://www.bis.org/speeches/20261007-where-ai-risks-meetRead by Regulus 15 Oct 2026 at 20:08 UTC
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