The UK Treasury Select Committee has published a report on AI in financial services. The report expresses concerns that the Bank of England, the ...

The regulators in the U.K. are being cautioned that their existing approach to artificial intelligence in financial services ...

The current approach to AI in financial services risks "serious harm" to consumers and the wider system, the report argues.

The FCA made clear that the new rules mean that serious, substantiated cases of NFM should be reported as Conduct Rule breaches and mentioned in regulatory references. The FCA's expectation is that ...

The Financial Conduct Authority, Bank of England and HM Treasury are adopting a “wait-and-see approach” to AI in financial ...

UK MPs warn regulators’ hands-off stance on AI in finance risks consumer harm, fraud, and systemic shocks as adoption ...

The Bank of England (BoE), the Financial Conduct Authority (FCA) and the Treasury have been told by MPs they are not doing enough to manage the risks presented by the increased use of artificial intel ...

On Monday (30 June), the Treasury Select Committee will publish a report evaluating whether the Lifetime ISA (LISA) is an appropriate financial product. Martin Lewis has long campaigned for reform to ...

UK financial system ‘may not be prepared enough for major AI-related incidents’ - The Treasury Select Committee said it had received a ‘significant volume of evidence’ about AI’s risks to financial ...

Rachel Reeves will be dragged, hauled or summoned (select your favourite journalese) to appear in front of the Treasury select committee tomorrow morning, in what should be the most comprehensive ...