No new rules; the FCA's approach is to double down on the existing outcomes-based approach, with Consumer Duty, SMCR, and operational resilience frameworks remaining at the forefront.
Agentic AI
Finansinspektionen and Riksbanken have alerted the financial sector to recent national recommendations aimed at strengthening cyber resilience.
Regulator says the review sets out how AI could reshape retail financial services for consumers, firms, markets, and regulators by 2030 and beyond.
Senator Warner's proposed AI AGENT Act would apply to large online platforms and give users the right to choose a third-party AI agent.
The Bank has signalled a shift in its approach to regulating AI, questioning whether its current framework is adequate.
Estonia’s proposal to introduce AI ID Codes is being presented as the answer to critical compliance questions around accountability.
Key components of the plan include enhancing clarity around the standards and safeguards required for developing and using AI technology, and giving people more control over how AI processes and uses their personal data.
Andrew Dipkin argues the “retailization” of private markets is transforming fund administration from a back-office function into critical infrastructure.