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Associate (Financial Services Regulatory) at Hogan Lovells | NY and England & Wales Qualified

The UK’s financial regulators have responded to the government’s White Paper on its approach to regulating the use of artificial intelligence and machine learning. Publications from the Financial Conduct Authority, the Bank of England and the Prudential Regulation Authority, each dated 22 April 2024, signal a principles-based approach for the UK financial sector in relation to AI and indicate that regulated entities are unlikely to be bound by prescriptive rules specifically governing the use of AI, at least for the foreseeable future. #AI #Regulators

UK: The FCA, Bank of England and PRA issue their strategic approach to regulating AI in response to the government’s AI White Paper

UK: The FCA, Bank of England and PRA issue their strategic approach to regulating AI in response to the government’s AI White Paper

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