European Securities and Markets Authority confirms new supervision

By Michael FawnThe European Union’s leading markets regulator will begin direct supervision of artificial intelligence and tokenization applications in financial services. This marks a significant shift from establishing regulations to actively enforcing them. The European Securities and Markets Authority (ESMA) confirmed on Wednesday, 2024-09-18, that these technologies will become a Union Strategic Supervisory Priority (USSP) starting in 2027.This initiative establishes a coordinated ove