United Kingdom: Bank of England request for comments on Artificial Intelligence and Machine Learning in Financial Services

Progress

Current status
in consultation
10 Feb 2023 in consultation
11 Oct 2022 in consultation

Scope

Implementers
United Kingdom
Policy Area
Other operating condition
Policy Instrument
Algorithm design and technical standards
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

10 Feb 2023
in consultation

Closed consultation of Bank of England and FCA on AI and Machine Learning in Financial Services

On 10 February 2022, the public consultation on the use and regulation of artificial intelligence (AI) and machine learning (ML) in UK financial services closes. Through a Discussion Paper (DP), the Financial Conduct Authority (FCA) and the Bank of …

Source
Event type outline
Action type consultation opened
Government branch executive
Government body other regulatory body
11 Oct 2022
in consultation

Opened consultation of Bank of England and FCA on AI and Machine Learning in Financial Services

On 11 October 2022, the Financial Conduct Authority (FCA) and the Bank of England opened a consultation on the use and regulation of artificial intelligence (AI) and machine learning (ML) in UK financial services. Through a Discussion Paper (DP), bo…

Source
Event type outline
Action type consultation opened
Government branch executive
Government body other regulatory body