FCA to Review Complex-Product Risk Tests as AI Erodes Client Screening
By Tanya Chepkova
Source excerpt · Finance Magnates
Retail investors once had to Google the answers to qualify for high-risk CFDs and complex derivatives; generative AI has turned passing those questionnaires into a one-click exercise. Now, the UK Financial Conduct Authority is preparing to call time on the shortcut, launching a review into how online brokers screen retail clients as chatbots erode the credibility of traditional risk tests. The Tes…