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Industry feedback on AI in financial services published

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Photo: Spencer Platt/Getty Images

Tom Callaby | CMS, Joy Davey | CMS

3 min read
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What financial services firms need to know from recent UK government and regulatory publications on AI.

On October 26, 2023, the Bank of England (BoE), Prudential Regulation Authority (PRA) and FCA (together, the Supervisory Authorities) published a joint Feedback Statement on Artificial Intelligence and Machine Learning (FS2/23) (the Feedback Statement). The Feedback Statement is a follow-up to the Discussion Paper (DP5/22) on the same topic published in

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