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Like in many sectors, AI is being ubiquitously adopted in the financial services sector to automate tasks and provide rapid data-driven insights and recommendations. Given the high stakes of these decisions, the Bank of England (BoE), the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) jointly released a discussion paper on regulating AI and machine learning in UK financial services. The Discussion Paper clarifies how existing regulations and guidance apply to the use of AI and seeks feedback on whether new regulations are required. Download our insight paper to find out more. Our insight paper, Regulating AI in Financial Services, covers:
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