UK exposed to ‘serious harm’ by failure to tackle AI risks, MPs warn
Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sectorConsumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England to get a grip on the risks posed by artificial...
<p>Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sector</p><p>Consumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England to get a grip on the risks posed by artificial intelligence, an influential parliamentary committee has warned.</p><p>In a new report, MPs on the Treasury committee criticise ministers and City regulators, including the Financial Conduct Authority (FCA), for taking a “wait-and-see” approach to AI use across the financial sector.</p> <a href="https://www.theguardian.com/business/2026/jan/20/uk-ai-risks-mps-government-bank-of-england-fca">Continue reading...</a>
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