FCA rethinks regulation for the AI age, eyes agentic watchdog
FCA chief Nikhil Rathi says the regulator must shift from rule-making to stewardship as AI outpaces legislation, trialling agentic AI to monitor markets.
Tag: FCA
32 articles tagged FCA
Using AI for financial advice? Experts urge caution
With 28 million UK adults using AI for personal finance, experts warn the tools make confident but costly errors and carry no accountability to users.
NatWest deploys AI across trade finance operations
NatWest is automating document checks and money-laundering screening in trade finance with Cleareye.ai, as the FCA pushes banks to test AI in real conditions.
Rosemount deploys AI to speed FCA approval of adviser social promotions
UK financial adviser network turns to AI to assess Facebook, TikTok, Instagram and LinkedIn promotions against FCA rules, targeting faster turnaround than industry norm.
FCA reopens AI Input Zone, demanding evidence — not theory — from UK banks
The Financial Conduct Authority is pressing UK financial firms to evidence AI governance and assurance in live operations, with submissions to the AI Input Zone open until 19 June 2026.
BaFin launches 'IT spotlight' AI cyber inspections of German financial firms
Germany's BaFin warns AI cyber risks are 'substantial' and announces targeted 'IT spotlight' inspections of financial firms — a likely template for the FCA and PRA.
Coadjute joins FCA AI Live Testing Sandbox for AML
Coadjute — backed by Lloyds, NatWest and Nationwide — has joined the FCA's AI Live Testing Sandbox to trial AI-native AML compliance for UK conveyancing.
FCA names eight firms for second AI Live Testing cohort with Barclays and Lloyds
The FCA confirms Barclays, Experian, Lloyds (Scottish Widows), UBS and four others will live-test AI applications with regulator and technical partner Advai.
UK regulators hold urgent talks over Anthropic Mythos cyber risks
Bank of England, FCA and NCSC convene emergency discussions with major banks after Anthropic's AI model exposes thousands of software vulnerabilities.
UK financial regulators keep principles-based AI stance in 2026
FCA, PRA and Bank of England hold to a technology-neutral AI approach in 2026 as Treasury Committee warns 'wait-and-see' risks consumer harm.
FCA faces privacy concerns over Palantir AI trial with sensitive data
The UK's Financial Conduct Authority is paying Palantir over £30,000 a week for a three-month AI trial analysing its data lake of case files and consumer data.
Palantir wins FCA contract to analyse sensitive financial data
The US AI firm will spend three months mining the Financial Conduct Authority's intelligence files, raising fresh privacy and sovereignty questions.
FCA Warns AI Risk Assessment Systems Failing to Improve Anti-Money Laundering Controls
The Financial Conduct Authority says AI models used to assess money laundering risks in professional services are producing unreliable results, with new law firms automatically assigned medium risk ratings.
IOSCO Launches TechSprint in FCA AI Lab to Protect Investors
The global securities regulator IOSCO is running its first TechSprint through the UK FCA's AI Lab, targeting AI-enabled fraud and investor education.
FCA Opens Second AI Live Testing Cohort Applications
UK firms with mature AI proof of concepts can apply for regulatory support to test in real market conditions. Applications close 2 March 2026.
FCA Launches Long-Term Review of AI in Retail Financial Services
The UK financial regulator is examining how AI could reshape consumer relationships, market competition and regulatory frameworks, with recommendations due this summer.
FCA Launches AI Live Testing Initiative for UK Financial Services Firms
Major UK financial institutions including NatWest, Monzo and Santander join FCA programme to test AI safely in live market conditions.
Napier AI Selected for FCA Supercharged Sandbox Launch
London RegTech firm joins inaugural FCA AI programme backed by NVIDIA to combat £150bn annual UK money laundering losses with advanced AI algorithms.
