| Link(s): | DP22/4: Artificial Intelligence | FCA DP5/22 – Artificial Intelligence and Machine Learning | Bank of England |
Context
The FCA, PRA and Bank of England are sharing their thoughts and asking for feedback on how artificial intelligence may affect their objectives.
Key points to note
The Discussion Paper shares thinking on:
- The potential benefits and risks related to the use of AI in financial services
- How the current regulatory framework applies to AI
- Whether additional clarification of existing regulation may be helpful
- How policy can best support further safe and responsible AI adoption
Next actions
None – for information and awareness.