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On 1 and 2 November 2023, the UK hosted the world's first summit on artificial intelligence safety at Bletchley Park (the Summit). Once the top-secret home where Britain's World War II cryptographers...
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...
Feedback statement publishes anonymised summary of consultation responses reflecting on how AI may impact regulators’ ability to deliver prudential and conduct of business supervision in the UK financial sector
On 26 October 2023, the Bank of England (BoE) (including the Prudential Regulation Authority (PRA)), and the Financial Conduct Authority (FCA) (collectively ‘the regulators’) published...
Feedback statement publishes anonymised summary of consultation responses reflecting on how AI may impact regulators’ ability to deliver prudential and conduct of business supervision in the UK financial sector