United Kingdom: Financial Conduct Authority inquiry into the long-term impact of artificial intelligence on retail financial services
Progress
Current status
in consultation
24 Feb 2026 processing consultation
27 Jan 2026 in consultation
Scope
Implementers
United Kingdom
Policy Area
Design and testing standards
Policy Instrument
Artificial Intelligence authority governance
Regulated Economic Activity
ML and AI development
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Financial Conduct Authority closes consultation on inquiry into long-term impact of AI on retail financial services
On 24 February 2026, the Financial Conduct Authority (FCA) closes the consultation to contribute evidence to a review on the long-term impact of artificial intelligence (AI) on United Kingdom retail financial services. Known as The Mills Review, the…
SourceEvent type
inquiry
Action type
consultation closed
Government branch
executive
Government body
other regulatory body
Financial Conduct Authority opened consultation on inquiry into long-term impact of AI on retail financial services
On 27 January 2026, the Financial Conduct Authority (FCA) opened a consultation to contribute evidence to a review on the long-term impact of artificial intelligence (AI) on United Kingdom retail financial services, with responses requested by 24 Fe…
SourceEvent type
inquiry
Action type
consultation opened
Government branch
executive
Government body
other regulatory body