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UK regulators must do more to tackle AI risks to financial services, MPs warn

Illustration of ChatGPT and Apple Intelligence
MPs have warned risks from AI could reverse any gains towards financial stability. Illustration: Cheng Xin/Getty Images

Hameed Shuja

3 min read
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Warning comes in report which is result of year-long inquiry by Treasury Committee, based on written submissions, correspondence from tech firms, and oral evidence by experts and regulators.

A UK parliamentary report looking into how regulators are mitigating the risks posed by AI to financial services has warned that the technology can pose significant risks to consumer protection and financial stability, and can reverse any potential gains in those areas.

The report, which is the result of a

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