Tag: UK regulation
28 articles tagged UK regulation
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 services lacks shared AI governance standard, Zango report warns
Lloyds, Monzo and Stripe leaders warn that UK FS firms are solving AI governance independently. US and Singapore have sector-specific standards; the UK does not.
UK pharmacy regulator issues first formal AI position statement
The General Pharmaceutical Council publishes its first AI position, reminding pharmacy professionals they remain personally accountable when using AI tools.
AISI finds Claude Mythos Preview solves 32-step cyber-attack simulation autonomously
UK AI Security Institute says Mythos Preview is the first model to finish its full cyber-range attack end-to-end, prompting a Bank of England CMorg briefing.
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 Regulator Tells Auditors They Cannot Blame AI for Mistakes
The Financial Reporting Council has published what it calls the world's first guidance on AI use in auditing, warning firms they remain accountable for AI-driven errors.
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.
UK Government Launches Landmark Consultation on Children, AI Chatbots and Social Media
The UK government has opened what it calls the world's most ambitious consultation on children's digital wellbeing, covering social media age bans, AI chatbots, and gaming.
UK Protesters to March Against AI Data Centre Expansion
Campaigners are staging protests in London this weekend to demand stronger protections against the environmental impact of the UK's growing data centre infrastructure.
Standard Chartered Legal Head Flags Urgent Push for AI Stress Testing
Standard Chartered's head of legal for financial markets warns UK regulators and banks must treat AI stress testing as an urgent priority after MPs found the sector unprepared for an AI-driven market shock.
UK to Fine AI Chatbot Makers That Put Children at Risk
AI chatbot providers face fines of up to 10% of global revenue or service blocking in the UK as the government moves to close Online Safety Act loopholes.
UK to Tighten Online Safety Laws to Cover AI Chatbots
Keir Starmer warns tech companies that 'no platform gets a free pass' as government moves to bring AI chatbots under the Online Safety Act.
UK Regulators Tell MPs They Need More Resources to Tackle AI
Senior UK regulators warned Parliament's Joint Committee on Human Rights that funding shortages, not legal powers, are the main barrier to effective AI oversight.
ICO Confirms Data Use and Access Act Provisions Now in Force
Most remaining data protection provisions of the Data (Use and Access) Act have commenced, giving the ICO new enforcement powers and fines up to £17.5 million.
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.
