Regulator says the review sets out how AI could reshape retail financial services for consumers, firms, markets, and regulators by 2030 and beyond.
Innovation
Our regular look at notable regulatory and compliance developments in the region.
The competition watchdog says proposed new measures are designed to boost competition, bring down prices, and spur UK tech innovation.
Forget the playbook of absolute risk aversion; the FCA is officially daring compliance to stop gold-plating the rules and start embracing responsible risk.
Key questions around informed consent, transparent privacy information, and people's rights over their data have been addressed in the new guidance.
A panel of experts at this year's City Week event in London discussed ambitions and plans to institutionalize the tokenization of real-world assets, and the work that was needed to achieve this goal.
New framework requires digital services providers to pre-install online safety features into their services from the start, and work closely with parents and children to enhance digital literacy.
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.