意大利金融市场的人工智能

Artificial Intelligencein Italian Financial Markets This work is issued under the responsibility of the Secretary-General of the OECD, and does not necessarily reflect theofficial views of OECD Member countries. This document was produced with the financial assistance of the European Union. The views expressed herein can inno way be taken to reflect the official opinion of the European Union. This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty overany territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Please cite this publication as:OECD (2026),Artificial Intelligence in Italian Financial Markets, OECD Publishing, Paris, https://doi.org/10.1787/6f42c977-en. ISBN 978-92-64-60268-7 (print)ISBN 978-92-64-41969-8 (PDF)ISBN 978-92-64-31391-0 (HTML) Photo credits:Cover © Alexander Spatari/Getty Images. Attribution 4.0 International (CC BY 4.0) This work is made available under the Creative Commons Attribution 4.0 International licence. By using this work, you accept to be bound by the terms of this licence(https://creativecommons.org/licenses/by/4.0/).Attribution– you must cite the work.Translations– you must cite the original work, identify changes to the original and add the following text:In the event of any discrepancy between the original work and thetranslation, only the text of the original work should be considered valid.Adaptations– you must cite the original work and add the following text:This is an adaptation of an original work by the OECD. The opinions expressed and arguments employed inthis adaptation should not be reported as representing the official views of the OECD or of its Member countries.Third-party material– the licence does not apply to third-party material in the work. If using such material, you are responsible for obtaining permission from the third party and forany claims of infringement.You must not use the OECD logo, visual identity or cover image without express permission or suggest the OECD endorses your use of the work.Any dispute arising under this licence shall be settled by arbitration in accordance with the Permanent Court of Arbitration (PCA) Arbitration Rules 2012. The seat of arbitration shallbe Paris (France). The number of arbitrators shall be one. Foreword This report represents the final output of the projectStrengthening the regulatory and supervisoryframework and market practices for the use of artificial intelligence in the Italian financial markets.Theproject is funded by the European Union via the Technical Support Instrument, and implemented bytheOECD,in co-operation with the European Commission Reform and Investment Task Force(SGREFORM), and in close collaboration with Banca d’Italia as the beneficial authority. The objective of the project is to help Banca d’Italia and other Italian financial authoritiesidentify,understand, and address the policy and supervisory implications arising from the use of AIacross Italianfinancial markets, ultimately contributing to improved stability, resilience, and efficiency.Particular attentionis given to the potential benefits stemming from the use of AI for Italian financial markets, and the relatedpolicy and supervisory measures to support safe and responsible AI deployment. Chapter 1 provides a comprehensivemapping ofthecurrent and expected future deploymentofAIapplications within the Italian financial markets, as well as the broader financial sector.The chapterdrawsfroman OECD survey of the Italian financial industry conducted in Q2 2025, covering all major marketsegments, andwhich received450 responses. Chapter 2 examines the approaches taken by the Italian financial authorities to monitor the deployment ofAI in the domestic market, and to facilitate responsible innovation. The chapter provides information on thecurrent supervisory measures in place andinitiatives under development across Italy’s financial authorities,including Supervisory Technology (SupTech) tools. Chapter 3providespolicy considerationsrelated toregulatory and supervisory initiatives and measures,to facilitatewider adoption and experimentation of AI in Italian financial markets, while addressingassociated risks. It is based on theresults ofthe OECD project survey, cross-country analysiscoveringEU member states andselectnon-EU OECD countries, informationobtained throughproject workshopsand bilateral meetings, and previous OECD work on AI in finance. Acknowledgements The report was developed by the Capital Markets and Financial Institutions Division of the OECDDirectorate for Financial and Enterprise Affairs.Theprojectwasfunded by the European Union via theTechnical Support Instrument, and implemented bythe OECD, in co-operation with the EuropeanCommission. The report was prepared by IotaKaousarNassr, Aleksandra Dymacz, MoongaChitamboChinika, John-David Tochon, andMarcel Beer Kremnitzer, under the supervision