ECB mulls review of bank lending tied to data centers - Bloomberg
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ECB mulls review of bank lending tied to data centers - Bloomberg
Investing.com -- The European Central Bank is considering a review of bank lending connected to data centers as it looks to assess potential risks from changes in artificial intelligence sentiment and valuations, according to Bloomberg News, citing people familiar with the matter.
Senior officials at the ECB have discussed the idea of a review internally and with banks under their supervision, the people told Bloomberg News.
Global regulators are paying closer attention to banks’ AI-related risks. Concerns center on higher interest rates and growing opposition to data center development, which could create pressure in an area where lending has grown quickly.
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