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ARTICLE · 12 MARCH 2025

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Financial Services At A Crossroads. From The AI Act To A Converging Regulatory Framework

GTG Legal
GTG Legal
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GTG Legal

GTG Legal

Since its founding in 1997, GTG has been at the forefront of Malta’s legal profession, blending...

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The Financial services industry in the EU is undergoing an unprecedented regulatory transformation. A wave of new legislation, spanning from AI, data governance...

MaltaFinance and Banking
Ian Gauci
Ian Gauci

Financial Services

The Financial services industry in the EU is undergoing an unprecedented regulatory transformation. A wave of new legislation, spanning from AI, data governance, cybersecurity, and operational resilience is not just reshaping compliance requirements but reedifying and reshaping risk management, operational resilience and business operations.

The AI Act, GDPR, the Data Act, the Cyber Resilience Act (CRA), and DORA (Digital Operational Resilience Act) are not isolated rules but part of a broader push toward a more transparent, secure, and accountable financial ecosystem. While individually impactful, their collective effect represents a seismic shift in how financial institutions must manage governance, risk, and compliance (GRC).

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