FCA speech: Regulatory approach to big tech and artificial intelligence

Regulatory Updates | 18/07/23

FCA’s CEO, Nikhil Rathi, last week delivered a speech in London addressing the FCA’s emerging regulatory approach to big tech and artificial intelligence. In the speech, he supported the governments call for the UK to be the global hub of AI regulation but advised big tech firms that, as gatekeepers of financial data, their role would be under increased scrutiny. He talked about embracing AI opportunities but in a way that would ensure market integrity. You can read the full speech here

Source: FCA