FCA sees interest in AI but sounds note of caution to firms

The regulator says it is ‘ready to embrace artificial intelligence’

Sahar Nazir
clock • 1 min read

The advice industry is embracing artificial intelligence (AI) though there are risks firms need to remain aware of, the Financial Conduct Authority (FCA) says.

Speaking yesterday (8 February) at The Lang Cat's Regenerate 2024 conference, head of consumer investments policy and market analysis Kate Blatchford-Hick said the regulator itself is also "ready to embrace AI". This comes after FCA chief operating officer Emily Shepperd said the watchdog is looking at how AI and machine learning could help it improve its processes when speaking at the Culture and Conduct Forum in November 2023. Shepperd said at the time that the FCA was actively seeking out opportunities from new technology. Blatchford-Hick said the FCA does not regulate technolog...

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