| Link(s): | Operational resilience | FCA |
Context
The FCA has updated its Operational resilience web page to include a section on ‘frontier AI’. The update is merely to draw attention to the FCA’s information for firms and resources on ‘frontier AI’, a list of which appears at the foot of the Operational Resilience web page.
Key points to note and next actions
The resource includes:
- FCA/Bank of England statement on frontier AI models and cyber resilience.
- CMORG Frontier AI Risk Mitigation Webinar (May 2026): industry perspectives on managing frontier AI risks in financial services.
- CMORG AI Taskforce Firm Guidance for Frontier AI: highlights the value of putting foundation cyber security practice in place promptly to maintain resilience. It also explains the importance of Board-level down commitment for a ‘whole of firm’ approach covering both operational functions and risk and compliance teams.
- Preparing for a ‘vulnerability patch wave’, National Cyber Security Centre (May 2026): outlines potential system impacts as AI accelerates vulnerability discovery.
- Why cyber defenders need to be ready for frontier AI, National Cyber Security Centre: explains how AI may change threat landscapes and defensive approaches.
- 10 questions to ask when using AI models to find vulnerabilities, National Cyber Security Centre: practical considerations for firms using AI in security processes.