FCA and ICO to host roundtable on AI and tech

Data protection and Consumer Duty top regulatory constraints to AI deployment

Isabel Baxter
clock • 2 min read

The Financial Conduct Authority (FCA) and the Information Commissioner’s Office (ICO) will host a roundtable with industry leaders to address the regulatory uncertainty around artificial intelligence (AI) adoption.

In a letter to trade association chairs and CEOs published yesterday (10 March), the regulator and ICO said that they will be hosting a roundtable with industry leaders on 9 May with the aim to further develop their understanding of the challenges faced by firms and ensure they are continuing to provide effective advice and guidance. The roundtable will discuss the areas of regulatory uncertainty and challenges faced in respect of AI adoption and wider innovation, how the ICO and FCA can "work together with industry to provide greater regulatory certainty and support growth", and the are...

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