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Digitisation (particularly artificial intelligence) and ESG are among the top megatrends revolutionising the industry at an accelerating pace. As these developments evolve and converge, they open the door to new possibilities but also many risks, especially to senior management. What are these risks, and how should banks confront them?
The FCA plans to use the existing regulatory regime to regulate the use of tech in financial services. It is focusing on artificial intelligence (AI) because the financial services sector is investing heavily in it.
The extent to which firms are captured by the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority’s (PRA) proposals to implement a new regime for diversity and...
In our previous alert, we discussed the emerging trends for regulating artificial intelligence (AI) in financial services and mentioned a joint paper published by the Prudential...
A large US Bank with operations in the UK (Bank) recently won a widely discussed case in the UK's Employment Tribunal after a senior analyst (Employee) sued the Bank for unfairly...