AI Governance in Financial Services
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August 2 came and went. That was the date the EU AI Act's high-risk obligations were supposed to take effect, the one compliance teams have had circled for two years. The EU folded those obligations into its Digital Omnibus package instead, and the deadline moved to December 2027. Colorado's AI law has been delayed, blocked in court and replaced with a different law since I started tracking it. The regulatory forcing function for AI governance keeps receding. So if your firm's AI governance…
1Key Takeaways
- That was the date the EU AI Act's high-risk obligations were supposed to take effect, the one compliance teams have had circled for two years.
- The EU folded those obligations into its Digital Omnibus package instead, and the deadline moved to December 2027.
- Colorado's AI law has been delayed, blocked in court and replaced with a different law since I started tracking it.
- The regulatory forcing function for AI governance keeps receding.
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3Why it matters
Coding AI shifts how fast software ships and how much human review each change needs. DEV — AI reports that that was the date the EU AI Act's high-risk obligations were supposed to take effect, the one compliance teams have had circled for two years.
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