Laura WilesNikhil Rathi – chief executive of the FCA – has delivered a speech on rethinking regulation in the age of AI at techUK’s Agents of Change: Generative and Agentic AI in Financial Services 2026 event.
The speech highlights that the financial services industry will be key to position the UK as a world-leading AI economy, by providing the capital, infrastructure and trust needed for the technology to scale across the wider economy.
It also notes that the pace of AI development means that the FCA is having to place greater emphasis on competition, collaboration and system-wide risk awareness in its supervisory approach, but does not go as far as to change the FCA’s previous stance that existing regulatory frameworks are sufficient to manage potential AI risks.