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:
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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 18 June 2025, the Australian Prudential Regulation Authority (APRA) published a speech given at the AFIA Risk Summit by its Executive Director of Cross-industry risk, Chris Gower, who draws parallels between the Perfect Storm of 1991, and the operational resilience headwinds that are brewing on the horizon for Australian financial services entities. The speech is…
On 9 April 2025 the European Commission (the Commission) launched a public consultation on the proposal for a Cloud and AI Development Act. The initiative forms part of the Commission’s AI Continent Action Plan that was published the same day. In the accompanying Call for Evidence, the Commission sets out background to its proposed initiative…
Following publication of the government’s guidance in November 2025 and ahead of the new offence coming into force on 1 September 2025, UK Finance has published guidance for the financial services sector on failure to prevent fraud (FtPF) which it says “should be taken into account by a supervisory or enforcement agency when considering and/or…
