UK regulator to lean on AI for financial oversight
The Financial Conduct Authority, Britain's financial watchdog, intends to automate as many oversight and enforcement tasks as possible, its data chief told MPs. It will also outline a response to advanced AI models.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
The FCA, the UK financial watchdog, plans to automate as much of its supervision and enforcement as it can with artificial intelligence, according to its data chief. The data chief told lawmakers on Tuesday. The watchdog will also set out its response to the rise of the latest frontier models.
Coverage
- FCA Plans to Automate Supervision With AI, Holds Off on Rules for Chatbots (financemagnates.com)
- FCA plans to embrace AI to automate financial regulation (Financial Times)
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