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UK Financial Regulators Publish Response to AI Consultation – Seven Takeaways

Debevoise Data Blog

On 26 October 2023, the Bank of England, Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”, collectively the “UK Financial Authorities”) published FS2/23 on Artificial Intelligence and Machine Learning (the “Response Paper”).

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Increased Focus by Federal Regulators on AI and Consumer Protection in the Financial Sector

Debevoise Data Blog

As financial institutions increasingly deploy artificial intelligence (“AI”), including machine learning and automated decision-making technologies, across their business lines, U.S. federal regulators have started to scrutinize the consumer protection implications of these technologies.