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United Kingdom: Treasury Committee closes consultation on its inquiry into AI in financial services

Policy overview

Description

Treasury Committee closes consultation on its inquiry into AI in financial services

On 17 March 2025, the Treasury Committee of the United Kingdom Parliament closes its public consultation on the inquiry into AI in financial services. The inquiry concentrates on the application of AI in various domains of financial services, including retail banking, investment banking, insurance, and pensions. It also examines the risks and benefits for vulnerable consumers, as well as the role of government in ensuring responsible AI adoption.

Original source

Scope

Policy Area
Design and testing standards
Policy Instrument
Design requirement
Regulated Economic Activity
ML and AI development, other service provider
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2025-02-03
in consultation

On 3 February 2025, the Treasury Committee of the United Kingdom Parliament launched an inquiry int…

2025-03-17
processing consultation

On 17 March 2025, the Treasury Committee of the United Kingdom Parliament closes its public consult…

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