BBVA

We welcome this opportunity to provide feedback to this important regulatory proposal that will undoubtedly influence the future development of AI in the EU. Although the proposed Regulation is quite balanced, we have identified some areas where there is room for improvement: Legal uncertainty.

General Comments We support the aim of the Data Act, as part of the EU’s Commission’s data strategy, to promote greater sharing and reuse of data and to ensure fairness among players. After the coronavirus outbreak, more than ever data has become an essential asset for crisis management and prevention and in general for the economic recovery of the EU, given its potential for innovation and job creation, as well as…

Banco Bilbao Vizcaya Argentaria (BBVA) welcomes the proposal adopted by the European Commission on April 21st, for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. To date, the information provided under the current framework is scarce, incomplete and hardly comparable.

The EU proposal for a Digital Markets Act Executive summary We welcome the opportunity to comment on the recently published proposal for a Regulation on a Digital Markets Act (DMA). These new rules respond to the need to address recurring problems and structural challenges present in digital markets, complementing competition policy.

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

1. Introduction and General Stance BBVA welcomes the opportunity to provide feedback on the inclusion of high-quality international credits within the EUs 2040 climate framework. As a leading financial institution committed to achieving Net Zero by 2050, we believe that a robust, transparent, and liquid carbon market is essential to channel private capital toward global decarbonization.

We welcome the effort the European Commission is making to adapt the EU liability framework to the digitalization and innovations that have taken place since the first version of the Product Liability Directive was published. We would like to take the opportunity the Commission is giving us to share a comment on its Proposal for a Directive adapting non-contractual civil liability rules to artificial intelligence.

BBVA welcomes the EC’s proposal to regulate the issuance of different types of crypto-assets as well as the provision of related services, as it is broadly consistent with the principle of "same activity, same risk, same regulation". However, some specific provisions should be further clarified and some issues related to financial stability require further consideration.