CISI: AI regulation changes likely under new government

'Other countries are looking at the UK as the gold standard’

Sahar Nazir
clock • 1 min read

Regulatory guidance on artificial intelligence (AI) may change now that the UK has a new Labour government, and firms will need to seek new ways to innovate, Chartered Institute for Securities and Investment chief executive Tracy Vegro has said.

Speaking at the Financial Technology Research Centre's Artificial Intelligence in Financial Advice conference today (10 July), Vegro said the UK has "forgotten how good it is at ideas". "Other countries are looking at us as the gold standard, and to be the gold standard, firms need to continue to innovate," she told delegates. "The Middle East is taking lessons from us." Vegro said that AI is the "biggest thing coming". She urged advisers to consider how they are going to use it. "AI is the industry's fear factor." She also called on the regulator to consider how it is going to bri...

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

'It's time to redefine communications in financial advice'

'It's time to redefine communications in financial advice'

Client interactions ‘outdated’ due to inadequate technology

Sahar Nazir
clock 17 July 2024 • 3 min read
Pension Schemes Bill announced in the King's Speech

Pension Schemes Bill announced in the King's Speech

New legislation announced after 2024 state opening of parliament

Martin Richmond
clock 17 July 2024 • 2 min read
Vanguard unveils advisory centre to support investors

Vanguard unveils advisory centre to support investors

The Advisory Research Centre will support investors across Europe

Sahar Nazir
clock 17 July 2024 • 1 min read