Finance Finland, the financial industry lobby group, has warned that the European Commission's proposed amendments to the AI Act under the Digital Omnibus package suffer from unclear definitions and an overly tight timeline, creating legal uncertainty that could hinder effective application. In a statement on 13 April 2026, Aleksi Kaakinen, head of competition law at Finance Finland, called for postponing implementation and clarifying the scope of regulation, particularly to exclude traditional statistical methods such as linear and logistic regression from the definition of AI systems.
The criticism comes as the European Commission prepares the Digital Omnibus, first proposed by Commissioner Valdis Dombrovskis on 19 November 2025, which aims to simplify digital regulation and cut administrative costs, including for AI Act compliance. The Omnibus is part of a broader EU push to boost AI innovation and competitiveness, following President Ursula von der Leyen's November 2025 G20 proposal for public-private AI Gigafactories and Executive Vice-President Henna Virkkunen's digital simplification package targeting €5 billion in administrative savings by 2029.
Kaakinen argued that the current proposal's broad AI definition could even bring Excel within scope, leading to inconsistent application across member states and weakening the single market. He also warned that overlapping supervisory obligations could burden companies, as multiple authorities might oversee the same project. On promoting AI competence, Kaakinen said this should primarily be a public responsibility, not left to individual companies. He further cautioned that high-risk classifications should be based on actual material impact, not light grounds, and that systems designed for cybersecurity should be exempt. The financial sector, he added, supports well-defined rules but fears rushed regulation will stall when it matters most.