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.
Tag: pra
3 articles tagged pra
Bank of England regulator warns of 'significant disruption' from new AI
Sam Woods, head of the Prudential Regulation Authority, says new frontier AI models such as Anthropic's Mythos could materially disrupt UK financial services.
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.
