The FCA’s adoption of AI is set to change how it supervises and regulates firms, with important implications for those operating in financial services.
Priya Dave, Of Counsel at Corker Binning, has been quoted in Law360, New Law Journal and Solicitors Journal discussing the FCA’s increasingly data-led approach and the implications for regulated firms.
As Priya highlights, firms should expect more targeted scrutiny and must ensure robust governance and clear accountability for their use of AI. As she notes, “The AI did it” will not suffice as an explanation.
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