FCA chief sees governance as key to effective embrace of AI

The FCA’s Chief Data, Information and Intelligence Officer spoke at the City and Financial Global Summit in London.

“We cannot attribute agency to AI systems, which risks removing accountability for decision-making away from firms. We must leverage what we already have in terms of existing regulatory frameworks and adapt them as technologies change.” That was the conclusion reached by Financial Conduct Authority (FCA) Chief Data, Information and Intelligence

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