Government ministers are calling on the Financial Conduct Authority (FCA) to publish an update on its strategic approach to artificial intelligence (AI) by the end of April.
A letter to the FCA asking this and published today (15 February) has been sent jointly from secretary of state for science, innovation and technology Michelle Donelan and economic secretary to HM Treasury Bim Afolami. It comes on the back of the AI regulation white paper published by the government last year which outlined its approach to maintaining responsible innovation in the space. While the government says its approach was broadly welcomed, it pointed to feedback on the need to ensure regulators are "considering the risks and opportunities of AI within their remits". "Stakeh...
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