Linardo Martinčević works for the Croatian National Bank (CNB) as an Advisor at the Governor's Office and FinTech coordinator. He chairs the CNB's FinTech working group and is in charge of the CNB's FinTech Innovation hub. After graduating law, Linardo obtained master's degree in business administration (MBA). In career, he has worked on international monetary and financial topics and cooperated with various international financial institutions. Linardo specialized in international economy and finance while his professional interests are at the crossroads of law, economics and information technologies with special emphasis on the legal and economic concept of the digital money. As the CNB representative, Linardo participates at the Euroystem's High Level Task Force on Digital Euro project, among other responsibilities.
Roundtable Room 2 (Level 2)
Open
The EU AI Act with its pioneering risk-based approach, sets a precedent for regulating AI by categorising applications based on their potential risks to individuals and society. By establishing clear guidelines for high-risk AI systems whilst imposing outright bans on some risks like social scoring, the Act seeks to balance ethics with AI development. However, stringent regulations risk presents some trade-offs, like having high compliance burdens for SMEs and startups, which can stifle innovation, pushing talent and investment to more business-friendly AI regions, and limiting Europe’s AI leadership.