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Industry feedback on AI in financial services published

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

Tom Callaby, Joy Davey; CMS

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Photo: Spencer Platt/Getty Images
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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 October

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