FCA eyes machine learning in a bid to become a 'robo-regulator'

Echoes of sci-fi thriller 'Minority Report'

How will the FCA adopt new technology into regulation?

How will the FCA adopt new technology into regulation?

The FCA is embracing "science fiction" in its plans for the future of financial regulation, which could see it using AI to identify firms and individuals that are most likely to break rules before they have a chance to act.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) summit on 31 October, acting director of strategy at the Financial Conduct Authority (FCA) Richard Monks explained...

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