AI in financial services – Autumn 2023 update

United Kingdom

Over the course of 2023, artificial intelligence (“AI”) has continued to rise up the regulatory and business agenda. Ahead of several important policy announcements in Autumn/Winter 2023, we have prepared an update on recent regulatory developments in AI and upcoming milestones for the financial services sector. 
 
The update includes a summary of the UK Government AI White Paper consultation, which is due to report back by the end of September, an overview of recent areas of focus for the UK financial services regulators in relation to AI, an update on the current status of the EU AI Act and its impact on financial services firms in the UK, and a brief recap of selected international developments.

Read the update here