BREAKING
FCA seeks stronger AI oversight powers
Regulators in an AI 'arms race'
More powers, but no new AI rules
FCA approach
Supervision
●
Enhanced oversight of GPT, Claude, Gemini
●
No AI-specific new rules
Bank of England
Review
●
Reviewing rules for agentic AI
●
Payments, trading, cybersecurity
UK's AI oversight roadmap
1
2025 AI Update guidance
↓
2
AI Live Testing
↓
3
Mills Review Jan 2026
↓
4
BoE agentic AI review
Divided reactions on AI in finance
Support oversight
●
Investor protection
●
Guard against hallucinations
Caution on rules
●
Avoid stifling innovation
●
Value of collaborative testing
Reviews to shape UK AI direction
AI NEWS BLITZ
A senior UK regulator warns of an arms race to keep pace with AI in finance.