‘From the perspective of financial supervision, the banking sector is certainly well prepared to operate in the area of AI use, as this is natural expertise and experience in working on big data and information that can be processed with AI. Banks have experience with models and, generally speaking, in my opinion the digital gene of our banks and their willingness to grow allow them to enter this area skilfully and rapidly and gain competitive advantage over other entities,’ Marcin Mikołajczyk said.

‘When it comes to ideas on how to regulate and supervise this area, the framework we would like to refer to is the AI Act, on which we will be relying in terms of our regulatory approach. As regards the supervisory approach, we are ready to collaborate with supervised entities, if this is necessary and if they want to discuss certain issues with us. We have been friends with AI for years now, and the existing recommendations, for example the KNF’s Recommendation W on model management, are an expression of a certain idea and standard on how to look at AI,’ he added. 

‘So this is already happening. In order to participate in this process, we, the UKNF, have already engaged in it and we’re trying to figure out how to use such tools and solutions in our supervisory processes. We’ve completed first deployments, so in terms of technology and our own practices, we are ready to start supporting the financial sector in the further development of AI. So we say ‘yes’ to it. We have our mandate to promote development and we have the relevant expertise, so we can act as a partner for the financial sector in this regard. A statement which summarises the activities of the financial sector in this field is the following: this must be a responsible process,’ Marcin Mikołajczyk said.