The Financial Conduct Authority (FCA) is looking at how artificial intelligence (AI) and machine learning could help it improve its processes, chief operating officer Emily Shepperd says.
Speaking last week at the Culture and Conduct Forum, Shepperd - also the regulator's executive director of authorisations - said the FCA was actively seeking out opportunities from new technology. "One question we, along with most others, are currently pondering is the potential of machine learning and AI," she stated. "We need to constantly evaluate and adapt to developments in technology to deliver innovative and efficient regulation." Shepperd said the regulator was "making sure to build strong controls or governance" on its mission to securely adopt certain forms of generative AI,...
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