The Treasury Select Committee said it had received a ‘significant volume of evidence’ about AI’s risks to financial services ...

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

Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sector ...

Insurers are central to the competitiveness of the UK’s financial and related professional services industry, but a report ...

The report also outlines various sources of information it will use to monitor and mitigate AI-related risks as well as flagging significant regulatory work in this space, including the new regulatory ...

On 30 October 2023, the UK government published an update on its legislative approach for regulating fiat-backed stablecoins, following on from its consultation on the UK regulatory approach to ...

A parliamentary committee said regulators are struggling to keep pace as AI spreads across banks and insurers, urging clearer ...

According to an update shared by the Bank of England, risks to the UK financial system have remained broadly unchanged since Q1. However, some asset prices have continued to rise, and the risk of a ...

The financial sector's reliance on third-party services has grown exponentially. These external providers play an important roles in delivering essential services, from cloud computing to payment ...

LONDON, June 24 (Reuters) - Britain's new Financial Policy Committee (FPC) published its inaugural report on risks the UK financial system is facing, saying the euro zone debt crisis is its top ...

Subsequent to a joint discussion paper (3/22 – Operational resilience: Critical third parties to the UK financial sector) published in July 2022, the Bank of England (the Bank), Prudential Regulation ...