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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Rishi Sunak returns to Goldman Sachs as senior adviser

Rishi Sunak returns to Goldman Sachs as senior adviser

Joined as an analyst in 2001

Linus Uhlig
clock 08 July 2025 • 1 min read
Client support: How financial and emotional resilience differ

Client support: How financial and emotional resilience differ

'Financial resilience appears to be decoupled from emotional resilience'

Louis Williams
clock 08 July 2025 • 4 min read
Parmenion's Dalgliesh: Adviser-led investing must stay disciplined and diversified

Parmenion's Dalgliesh: Adviser-led investing must stay disciplined and diversified

CIO Peter Dalgliesh explains how Parmenion’s risk-first, outcomes-based approach is benefitting advisers

Sahar Nazir
clock 08 July 2025 • 2 min read