On 23rd January, the FCA published the Terms of Reference for the Financial Services Artificial Intelligence Public-Private Forum (AIPPF), which it is establishing with the Bank of England to further constructive dialogue with the public and private sectors to better understand the use and impact of artificial intelligence and machine learning.
The Forum seeks to:
- Share information and understand the practical challenges of using AI and ML within financial services, as well as the barriers to deployment and potential risks.
- Gather views on potential areas where principles, guidance or good practice examples could be useful in supporting safe adoption of these technologies.
- Consider whether ongoing industry input could be useful and what form this could take.
Participation in the AIPPF is by invitation only,