FCA Plans to Automate Supervision With AI, Holds Off on Rules for Chatbots
By Damian Chmiel
Source excerpt · Finance Magnates
Britain's financial regulator plans to automate as much of its supervision and enforcement as it can with artificial intelligence, its data chief told lawmakers on Tuesday. The Financial Conduct Authority (FCA) is not preparing new AI rules for the industry, the Financial Times reported. London's trading industry is coming home! For regulated firms, that puts software on the reading end of what th…