UK regulatory consultation hopes to bridge gaps in AI adoption
The industry forum looks to inform recommendations for the safe use of AI in financial firms.
The Artificial Intelligence Public-Private Forum (AIPPF), convened by the Bank of England (BoE) and the Financial Conduct Authority (FCA), is in the final stages of drafting recommendations on the safe adoption of AI for financial services, due to be published in the New Year.
An exact release date for the report has yet to be set. For now, they are not expected to become a binding UK regulatory framework for the adoption of AI, says Shameek Kundu, a member of the AIPPF.
Rather, financial
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