In the second episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services, Matthew Gregory and Simon Lovegrove discuss the Mills Review.

Listen to this episode here.

Navigating change in financial services requires foresight and agility. As regulatory landscapes evolve and new technologies reshape risk and compliance, institutions must proactively assess how these developments affect their operations, governance, and growth strategies. Our latest insights explore critical developments, from Canada’s Federal Budget 2025 and its implications for operating models and tax strategies, to…

On 6 October 2025, HM Treasury (HMT) issued, G7 cyber expert group statement on Artificial Intelligence and Cybersecurity.

Rather than set guidance or regulatory expectations, the statement seeks to raise awareness of artificial intelligence’s (AI) cybersecurity dimensions and outlines key considerations for financial institutions, regulatory authorities, and other stakeholders that support security and resilience…

On 9 September 2025, the Financial Conduct Authority (FCA) published a new webpage, AI and the FCA: our approach.

The webpage briefly covers how the FCA’s rules apply to AI and how AI is helping the FCA become a smarter regulator.

On 9 September 2025, the Financial Conduct Authority (FCA) published Feedback Statement 25/5: Summary of Feedback Received on the Engagement Paper proposing AI Live Testing (FS25/5).

In FS25/5 the FCA summarises the feedback it received to an Engagement Paper it published in April 2025 which set out a proposal for AI Live Testing. 

The FCA…

On 23 July 2025, the Australian Securities and Investments Commission (ASIC) published a speech by its chair, Joe Longo. The speech was delivered at the Australian Banking Association (ABA) Banking Conference in Sydney and encourages responsible use of artificial intelligence (AI) to improve customer outcomes in banking.

A new era

In short, Mr Longo believes…

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:

• The financial services sector is critical to the Chancellor’s ambitions for the UK as it is one of the largest and most successful sectors in the UK.
• A new

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