News & Analysis as of

United Kingdom Artificial Intelligence Innovation

A&O Shearman

FCA summary of AI Sprint

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The UK Financial Conduct Authority (FCA) has published a summary of its AI Sprint, a two-day event that was hosted in January which discussed the opportunities and challenges of AI in financial services. 115 participants took...more

BCLP

Information Commissioner's Open Letter to the UK Prime Minister - Key Takeaways

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On 16 January 2025, in an open statement and letter, the UK Information Commissioner, John Edwards, responded to the December 2024 letter from the UK Prime Minister, the Chancellor, and the Business Secretary....more

A&O Shearman

Global Financial Innovation Network report on use of consumer-facing AI in global financial services

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The Global Financial Innovation Network has published a report summarizing discussions led by the U.K. Financial Conduct Authority and the Dubai Financial Services Authority on the use of consumer-facing AI in global...more

A&O Shearman

Government announces new AI Opportunities Action Plan

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On January 13 2025, the UK Prime Minister announced the AI Opportunities Action Plan (Action Plan) and associated UK Government response. Prepared by Matt Clifford CBE, the Action Plan is a series of 50 recommendations on...more

Mintz - Antitrust Viewpoints

G7 Competition Authorities, Including DOJ and FTC, Release Joint Statement on AI Competition — AI: The Washington Report

On October 3 and 4, the competition authorities of the G7, including the US Federal Trade Commission (FTC) and Department of Justice’s (DOJ) Antitrust Division, participated in a summit on AI competition challenges. The...more

Akin Gump Strauss Hauer & Feld LLP

Political Deal on the EU AI Act: A Milestone but the Journey Continues

A ground-breaking, first of its kind, sector agnostic, comprehensive law regulating Artificial Intelligence (AI) was agreed in the European Union on Friday, 8 December 2023, between the European Parliament, Commission and...more

Cooley LLP

[Webinar] AI Talks series: AI + Regulatory - January 10th, 9:30 am - 10:30 am PST

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This session will cover ways to navigate the US, European Union and UK regulatory and legislative risks of AI, including strategies for engaging with policymaking bodies and analyzing the business impacts of legislation and...more

Balch & Bingham LLP

Eight Categories Summarizing the Directives of Biden’s Executive Order on Artificial Intelligence

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On October 30, 2023, President Biden issued an “Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence” (“EO”) that issues a multitude of directives across a wide swath of federal agencies and departments,...more

White & Case LLP

Eye on AI: AI Governance and Regulation

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Even as the "godfathers" of generative AI (Geoffrey Hinton, Yoshua Bengio and Yann LeCun) disagree about the potential threat to humanity, policymakers, researchers and leading tech executives are calling for government...more

Goodwin

Overview of the UK Government’s AI White Paper

Goodwin on

The Department for Science, Innovation and Technology published a white paper on 29 March 2023 titled "AI Regulation: A Pro-Innovation Approach", which sets out the UK Government’s proposals to regulate artificial...more

MoFo Tech

AI Trends For 2023 - UK Targets Innovation Not Regulation For AI Sector

MoFo Tech on

During 2023, the UK will continue to position itself as a leader in the AI sector—by emphasizing support for the AI industry rather than pushing forward a legislative agenda....more

Akin Gump Strauss Hauer & Feld LLP

The UK Government’s Early Proposals for Innovation-Friendly AI Regulation

The UK government has recently published a Policy Paper setting out its early proposals for what the UK’s regulatory framework in respect of artificial intelligence (AI) might look like (the “Framework”). This follows the...more

Hogan Lovells

Financial institutions general regulatory news, September 2020

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SMCR extension: SI extending implementation date made - The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020 (SI 2020/929) have been made....more

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