Chancellor’s speech
On 15 July 2025, the Chancellor of the Exchequer Rachel Reeves delivered her second Mansion House speech.
Key points in the speech include:
There is an ongoing debate in Brussels about the circumstances under which AI-based safety components integrated into radio equipment are subject to the requirements for high-risk AI systems of the EU Artificial Intelligence Act 2024/1689 (the “AI Act”). The debate is particularly relevant because, if AI-based safety components are considered high-risk under the AI Act,
After the adoption of the Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law (also called Framework Convention on Artificial Intelligence or AI convention) Andorra, Canada, the European Union, Georgia, Iceland, Israel, Japan, Liechtenstein, the Republic of Moldova, Montenegro, Norway, San Marino, Switzerland, Ukraine, the United Kingdom, and the United
On June 5, 2025, the UK’s Information Commissioner’s Office (“ICO”) launched its new AI and biometrics strategy. The strategy aims to increase its scrutiny of AI and biometric technologies focusing on three priority situations, namely where: stakes are high; there is clear public concern for the technology; and regulatory clarity can provide immediate impact.
Federal legislation to “pause” state artificial intelligence regulations will not become law—for now—after the Senate stripped the measure from the budget reconciliation package, the One Big Beautiful Bill Act (H.R. 1).
The Senate voted 99–1 to strike the moratorium language from the bill during a marathon 27-hour “vote-a-rama” on July 1. The Senate voted 51–50,
Most international businesses are walking into 2025 completely unprepared for Europe’s new AI regulations. The EU’s AI Act isn’t just another compliance checkbox. It’s fundamentally changing how companies worldwide need to think about artificial intelligence in their operations.
Here’s what’s keeping us busy: over 60% of multinational corporations still haven’t built the AI governance frameworks
China’s livestream e-commerce industry has experienced explosive growth in recent years, which has revolutionized traditional retail models by combining information dissemination, real-time interaction, instant purchasing and even the entertainment.
In the first three quarters of 2024, total retail sales in China amounted to 35.36 trillion yuan, up 3.3 percent year-on-year. Over the same period, online retail
Approximately one year on from our briefing in June 2024 which considered some of the steps firms could be taking to meet future regulatory expectations in relation to governance of AI, in this briefing we outline some of the significant steps taken by the FCA over the past twelve months or so, in shaping the
On 1 July 2025, the Financial Conduct Authority (FCA) issued a speech by Jessica Rusu (FCA chief data, information and intelligence officer) entitled Harnessing AI and technology to deliver the FCA’s 2025 strategic priorities. Among other things it is noted in the speech that applications for live testing in the FCA’s AI lab will
On June 22, Texas Governor Greg Abbott (R) signed the Texas Responsible AI Governance Act (“TRAIGA”) (HB 149) into law. The law, which takes effect on January 1, 2026, makes Texas the second state to enact comprehensive AI consumer protection legislation, following the 2024 enactment of the Colorado AI Act. Unlike the