Claim · 2026-02-24 · event · Stated in source · Supported

In a keynote speech of 24 February 2026, Pedro Machado, ECB representative to the Supervisory Board, said that if a bank cannot explain why an AI model behaves as it does in terms meaningful for decision-making, it cannot truly control that model.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Technology is neutral, governance is not: AI adoption in the banking sector → articulates → The opacity of AI models complicates risk management and supervision

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Technology is neutral, governance is not: AI adoption in the banking sectorarticulates ↓The opacity of AI models complicates risk management and supervision

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2026-02-24 · event Records dated 2026 →
Role: Articulation
Register (kind of text): Nonfiction

Scope and limitsStates a supervisory expectation in a speech; it does not report a specific bank’s failure. No views disclaimer was found on the page.

The evidence 01

primary sourceSupports the claim

Technology is neutral, governance is not: AI adoption in the banking sector

European Central Bank (Banking Supervision) · 2026-02-24

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“If a bank cannot explain why an AI model behaves the way it does, in terms that are meaningful for decision-making, then it cannot truly control that model.”

Location in source Paragraph after “First, explainability.”

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Pedro Machado
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 7e0543905f47e5c4bd221e85ac8edb51a0de667c1b7090dc5e8d4b070a1434f6). Retrieved again at admission on 2026-11-06 (SHA-256 554d6c6655777e392616f396791da62d369e09fa475beaaa3d81e52c4ee23c58; web pages are served with new markup on each request). HTML speech page on the ECB Banking Supervision site as served on 2026-11-02
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Pedro Machado, “Technology is neutral, governance is not: AI adoption in the banking sector”, 2026-02-24.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (28 words) matched a fresh retrieval of 2026-11-06. Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document meets the proposition’s criterion. The record documents what the text states, in its register (fiction and satire are labelled); it is not evidence that the proposition is true and implies no influence on or from another text.

Date. Date the speech or remarks were delivered, as the text gives it.

Record ID am-u04-ssm-2026-machado-ai-governance