Sarah Pritchard, Deputy Chief Executive of the UK’s Financial Conduct Authority (FCA), told the Investment Association’s Annual Dinner on 20 October that rule-making for the asset management sector is now just past its peak, promising firms they would eventually feel the difference.
The Financial Stability Board (FSB) has published the final version of its sound practices for financial institutions adopting artificial intelligence.
Jessica Rusu, Chief Data, Information and Intelligence Officer at the UK’s Financial Conduct Authority (FCA), has described how the regulator intends to supervise a financial system in which AI agents increasingly act for customers, and how it plans to become an agentic regulator itself. She was speaking at the Bloomberg UK Policy Series.
As artificial intelligence (AI) takes on a larger role in preparing and analysing company information, the need for human judgement, professional scepticism and quality-assured data grows with it.
Picture a banking supervisor arriving on Monday morning to find every new filing already analysed, peer comparisons run and outliers flagged before their coffee has cooled.
This guest opinion piece is the fifth in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and leads the implementation of strategic […]
Machines are playing an ever larger role in how financial data is accessed, processed and understood, according to Joshua White, Chief Economist of the US Securities and Exchange Commission (SEC).
When a single rule proposal draws more than 181,000 comment letters, how does anyone make sense of them? In a new Point of View blog, Campbell Pryde, President and CEO of XBRL US, argues that structured, machine-readable comment templates would let regulators and market participants put AI to better use.
Europe’s three financial supervisors have set out how the sector should handle the cyber risks that come with the most powerful AI systems.
Europe’s three financial supervisors have set out how the sector should handle the cyber risks that come with the most powerful AI systems.
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