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

UK financial system ‘may not be prepared enough for major AI-related incidents’ - The Treasury Select Committee said it had ...

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 hands-off approach to regulating artificial intelligence (AI) in financial services could be causing harm to consumers, ...

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 ...

The Treasury, the financial watchdog and the Bank of England have been handed a stiff warning that the nation’s financial ...

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

The Bank of England, the Financial Conduct Authority and the Treasury risk exposing consumers to serious harm by taking a ...

MPs said the speed of adoption has overtaken public oversight. The Bank of England, the FCA and the Treasury rely on existing ...

Giving evidence to MPs, the tax agency’s head has claimed that the adoption of new technology will ‘augment our agent ...

UK lawmakers want financial regulators to run stress tests on artificial intelligence to spot risks early.