You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Capital Markets & Wholesale to Payments & Innovation.
This discussion paper explored how the BoE and FCA can support the safe and responsible adoption of AI in financial services, including through their approach to policy and regulation.
We support the continuation of a principles-based and outcomes-focused approach. We do not support the creation of an ‘AI overlay’, as this risks causing duplication and unnecessary complexity. But we do recognise that targeted guidance on issues relating to specific model types of AI use cases could be necessary over time. Where risks or issues are common across different sectors, we support coordination with other regulatory authorities to avoid duplication or conflicting expectations.
PDF: 216 KB
Reference:
Discussion paper
10.02.23
26.04.24
22.04.24
24.04.24
By downloading this document, you understand and agree that any sharing, distribution or republishing of the content, without prior written authorisation from the author or content managers at UK Finance, shall be constituted as a breach of the UK Finance website terms of use.
