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UK: The FCA, Bank of England and PRA issue their strategic approach to regulating AI in response to the government’s AI White Paper

The UK’s financial regulators have responded to the government’s White Paper on its approach to regulating the use of artificial intelligence and machine learning (AI)....

News

2024 – The year of AI: six-part video series

Join us as we embark on a journey towards a more regulated and ethically conscious era of artificial intelligence. In this six-part video series, 2024 – The year of AI, our Global...

News

New UK AI (Regulation) Bill – Potential step forward to the statutory regulation of AI systems in the UK

Amidst the backdrop of the recent release of the close-to-final EU AI Act and the UK government’s response to the AI White Paper, discussions regarding the need of AI regulations in...

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ECB warns of the risks of increased reliance on outsourcing

The European Central Bank (ECB) published its latest Supervision Newsletter on 21 February 2024 which highlighted, amongst other updates, that the number of outsourcing contracts for ECB...

Insights and Analysis

DORA – New Digital Operational Resilience rules for the EU’s financial sector

EU financial institutions have until 17 January 2025 to implement the new requirements of the Digital Operational Resilience Act (Regulation (EU) 2022/2554) (DORA). For the first time,...

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Financial Institutions Horizons 2024

If you had told me that we would leave 2023 having lost one of Switzerland’s largest banks, and yet also emerge relatively unscathed (at least by 2008 standards), I would have found...

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The Digital Operational Resilience Act (Part 1): An overview of the Level 1 Regulation.

On 28 November 2022, the European Council adopted the Digital Operational Resilience Act (“DORA”), concluding the final step in the EU legislative approval process and on 16...

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Ahead of the UK’s first ever global AI summit our team share their thoughts

We are at the forefront of understanding and managing the risks and opportunities of artificial intelligence, and ahead of the UK’s first global AI Safety Summit, hosted by the UK...

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G7 releases Guiding Principles and a voluntary Code of Conduct for AI developers

The G7 - comprising seven of the world’s leading economies - has published a set of principles designed to promote the safe use of artificial intelligence systems, together with a...

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