JD Supra

UK Treasury Committee Report Expresses Concern Over Current Approach To AI In Financial Services

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

Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance

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

UK Regulators “Exposing Consumers to Serious Harm” as AI Oversight Gaps Widen — Committee Warns

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

MPs ask who's responsible when AI crashes the UK finance system

Committee says watchdogs lack urgency as accountability for automated decisions remains unresolved UK financial regulators ...

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 services ...