UK regulators explore Artificial Intelligence and Machine Learning
The Bank of England, PRA and FCA published a discussion paper on the use of artificial intelligence (AI) and machine learning (ML) on 11 October.
The discussion paper aims to respond to the AI Public-Private Forum final report and gather further feedback on the regulators’ views of the risks and benefits of the use of AI as well as how the current regulatory framework applies to AI and ML.
Download this At a glance to see our summary of the response and what firms need to do.
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Peter El Khoury
Head of Banking Prudential Regulation & FS Digital Partner, PwC United Kingdom
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