UK Regulation of AI and Machine Learning in the Financial Services Sector
This paper looks at how AI and machine learning is currently regulated in the Financial Services sector. It also examines the recent market…
Source: lexology.com
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AI in UK Financial Services - What's on the Horizon? | Latham & Watkins LLP
As regulatory thinking evolves, firms must ensure that any current or planned use of AI complies with regulatory expectations. As financial services firms digest FS2/23,...
Source: jdsupra.com
Federal Reserve's New Instant Payment System FedNow® Service Goes Live - Financial Services
On July 20, the Federal Reserve launched FedNow®, its new system for instant payments. FedNow® permits banks and credit unions to instantly transfer their customers' money...
Source: mondaq.com
FCA Publishes Feedback Statement on Potential Competition Impacts of Big Tech Entry and Expansion in Retail Financial Services | Goodwin
On 12 July 2023, the UK Financial Conduct Authority (FCA) published Feedback Statement 23/4: The potential competition impacts of Big Tech entry and expansion in retail financial...
Source: jdsupra.com
A Brief Round-Up from the UK | Cadwalader, Wickersham & Taft LLP
By way of diversion from the current crisis mode of regulators the world over, here we discuss positive regulatory initiatives on bank liquidity, CDS clearing and the development of...
Source: jdsupra.com