UK FCA Exec Wants to Require Disclosure of 'Significant AI Failures and Near-Misses'

UK FCA exec wants to require disclosure of 'significant AI failures and near-misses'

When UK Financial Conduct Authority (FCA) Chief Data Officer Jessica Rusu gave a speech on Monday advocating that UK companies be required to report “significant AI failures and near-misses,” she added to the drumbeat of demands for some kind of regulatory control over enterprise AI deployments.  But her speech also highlighted regulator frustration over futile attempts to slow down the seemingly unstoppable agentic and genAI rollouts, as report…

UK finance watchdog wants firms to report AI failures and close calls

FCA seeks clear accountability as financial services embrace increasingly autonomous agents

Broadstone Comments on FCA Plans to Regulate AI Use

Some thoughts from Broadstone, after the FCA publishes plans to regulate AI use; Cormac Bradley, Senior Actuarial Director at leading independent financial services consultancy Broadstone, commented: “AI has the potential to transform financial services by [...] The post Broadstone Comments on FCA Plans to Regulate AI Use appeared first on .

FCA sets out plans for safer AI adoption and agentic finance oversight in UK financial services

Jessica Rusu outlines consumer safeguards, implementation of the Mills Review and AI-supported supervision at Bloomberg UK Policy Series IN BRIEFKEY TAKEAWAYSFAQs The UK Financial Conduct Authority has detailed its approach to responsible AI deployment in financial services, calling for clear … Read the full press release →

UK’s FCA Plans Regulatory Framework for Agentic Finance

The FCA plans to develop a framework for agentic finance that encompasses agent identity, delegated authority, accountability and execution.