United Kingdom: House of Commons Treasury Committee opened inquiry into Amazon Web Services, Anthropic, Google Cloud, Meta, Microsoft and OpenAI on use of AI in financial services

On 17 September 2025, the House of Commons Treasury Committee opened an inquiry into Amazon Web Services, Anthropic, Google Cloud, Meta, Microsoft, OpenAI on the use of Artificial Intelligence (AI) in financial services, until 1 October 2025. The inquiry focuses on the impact of AI, auditing systems, transparency, bias prevention, outage preparations, and risk mitigation for market volatility. The inquiry also requests details on interactions with the Bank of England and Financial Conduct Authority and implications of being designated a Critical Third Party. The inquiry also sought views on technology-agnostic regulation, impacts of the proposed AI (Regulation) Bill, and recommendations for UK AI oversight.