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Machine Learning United Kingdom Risk Assessment

A&O Shearman

Financial Stability Institute insights paper on regulating AI in financial services sector

A&O Shearman on

The Financial Stability Institute of the Bank for International Settlements has published a policy implementation insights paper on developments and challenges relating to regulating AI in the financial services sector. The...more

Goodwin

AI and Financial Stability: Questioning Tech-Agnostic Regulation in the UK?

Goodwin on

In our previous alert we mentioned a joint letter from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to the UK Government on their strategic approach to artificial intelligence (AI) and...more

Skadden, Arps, Slate, Meagher & Flom LLP

AI Safety: The Role of the Board in Assessing and Managing AI Risk

As AI systems become more complex, companies are increasingly exposed to reputational, financial and legal risk from developing and deploying AI systems that do not function as intended or that yield problematic outcomes. The...more

Mayer Brown

Navigating AI in the Workplace and Recruitment

Mayer Brown on

In recent years, we have seen an increase in employers using artificial intelligence (AI) in the workplace, whether to assist with decision-making and staff management across the life-cycle of the employment relationship or...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Winter 2024

The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more

Mitratech Holdings, Inc

Happy birthday, ChatGPT! Celebrating 1 year with the top 10 milestones in AI governance

Mitratech Holdings, Inc on

A year in review for the ChatGPT (chatbot generative pre-trained transformer) — and a look ahead at the global response to AI & which governance “guardrails” are required. On November 30th, 2023, the world will celebrate...more

Latham & Watkins LLP

AI in UK Financial Services - What’s on the Horizon?

Latham & Watkins LLP on

As regulatory thinking evolves, firms must ensure that any current or planned use of AI complies with regulatory expectations. As financial services firms digest FS2/23, the joint Feedback Statement on Artificial...more

Goodwin

Further Light on Generative AI and UK Financial Services Regulation

Goodwin on

In our previous alert, we noted the speech made by Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), which built on the points made in a joint paper published by the Bank of England (BoE) and FCA on artificial...more

Goodwin

Generative AI and Financial Services: A Recent View From the UK Regulator

Goodwin on

In a recent speech, Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), set out the FCA’s latest views on the role of artificial intelligence (AI) in financial services. The speech highlights many benefits but also...more

BCLP

AI Regulation Tracker: UK and EU Take Divergent Approaches to AI Regulation

BCLP on

Artificial intelligence (“AI”), once limited to the pages of science fiction novels, is now viewed as a key strategic priority for both the UK and EU. The UK, in particular, plays a prominent role at the cutting edge of...more

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