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.
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
Latest from Financial services: Regulation tomorrow - Page 2
Canada – Financial Services in Focus: Volume 1
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…
Managing AI-related cyber risks
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…
New FCA webpage – AI and the FCA: Our approach
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.
FCA Feedback Statement 25/5: AI Live Testing
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…
ASIC Chair speech – AI: A blueprint for better banking?
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…
Mansion House
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
…
AI Regulation in Financial Services: FCA Developments and Emerging Enforcement Risks
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…
FCA speech – Harnessing AI and technology to deliver the FCA’s 2025 strategic priorities
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…
Charting a course through the Perfect Storm: operational resilience in the face of geopolitical uncertainty
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…