The document outlines preliminary points for promoting responsible AI use across the financial sector. It also highlights the FSA's own AI initiatives, including machine learning for credit risk…
The new in-depth guide offers insights for responsibly integrating AI into financial reporting, including governance and internal control considerations. It highlights the importance of addressing…
The research surveyed 30 regulated entities, including deposit takers, insurers, asset managers, and financial advice providers, to generate insights, and the response rate was 40% (13 entities). The…
The NYDFS has adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence. The guidance outlines DFS’s expectations for how all insurers…
The FCA is launching a live AI testing service enabling firms to collaborate with regulators while validating their consumer or market-facing AI models. Set to begin in September 2025 for 12-18…
The BoE has established an AI Consortium as a public-private engagement platform to examine AI applications in UK financial services. Co-chaired by senior officials from the BoE and FCA, the…