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FCA and BoE set up artificial intelligence/machine learning forum

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Published on: 23 January 2020

Published by LNB News

LNB News 23/01/2020

Document Information

Issue Date: 23 January 2020

Published Date: 23 January 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) and the Bank of England (BoE) are establishing a forum to further constructive dialogue with the public and private sectors to better understand the use and impact of artificial intelligence/machine learning (AI/ML), including the potential benefits and constraints to deployment, as well as the risks associated with the application of AI/ML. The Financial Services AI Public Private Forum (AIPPF) will explore means to support safe adoption of these technologies within financial services, and whether principles, guidance, regulation and/or industry good practice could support safe adoption.

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