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PRA to relax investment and reporting requirement rules for banks and insurers
New plans include retrospective authorization of investments, as well as cutting reporting requirements for banks.
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Three out of four UK financial services firms now using AI
Key takeaways from the Bank of England and the FCA’S latest survey of AI in UK financial services.
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UK regulators address critical third party operational resilience in financial sector
The FCA, PRA and BoE set out final requirements and expectations in order to manage potential systemic risk posed by tech firms.
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BoE’s Sarah Breeden warns against AI complacency and announces new consortium
The Bank’s deputy governor wants more done to understand benefits and risks of emerging technology.
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PRA consults on updates to its approach to International Banks
Clarification on specific aspects of the PRA’s existing approach to risk management and remote booking.
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Hester Peirce makes the case for cross-border crypto sandbox
SEC Commissioner Hester Peirce advocates for a joint US-UK digital securities sandbox.
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Monsters in the deep: AI and your firm
Analysis of a speech by FPC’s Jonathan Hall on the impact of AI developments, such as trading agents, on financial stability.
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Podcast: David Birch on CBDCs and the “currency Cold War”
David Birch is an author, adviser and commentator on digital financial services. We talked about the potential and future of digital currencies.