UK Finance has published a blog looking at the implications of frontier AI for financial stability. It notes that the BoE’s latest Financial Stability Report highlights the potential for frontier AI to change the...
Author - Katie Simmonds
Katie Simmonds
Government publishes AI adoption plan for financial services
Harriet Rees and Dr Rohit Dhawan have developed an AI adoption plan for the financial services sector. The plan, which incorporates 10 recommendations, revolves around: the need for regulatory clarity – proposing...
Government announces first critical third party designations
HM Treasury has made its first Critical Third Party (CTP) designations for: Microsoft Ireland Operations Limited Google Cloud EMEA Limited Amazon Web Services EMEA SARL Oracle Corporation UK Limited These global cloud...
Treasury reports on cyber resilience in FIs
HM Treasury has published a report on the value of cyber resilience in financial services. It looks at how the importance of cyber resilience is increasing as digital technologies become increasingly important to...
BoE suggests AI “kill switch” needed
The BoE raised this week the potential need for an AI “kill switch”. The BoE is concerned about advanced AIs that drift from public policy objectives or amplify market volatility, particularly where multiple...
New data protection complaints regime: One week left to go
From 19 June 2026 businesses must have a formal process in place for individuals to raise data protection complaints directly with them. The ICO has reminded businesses that they must act now to put their complaints...
FSB consults on responsible AI adoption
The Financial Stability Board is asking for views on a set of proposed sound practices to help financial institutions responsibly navigate AI adoption. It has proposed a set of 12 practices covering: governance;...
Operational resilience group publishes frontier AI guidance
The Cross Market Operational Resilience Group (CMORG) has published its Firm Guidance for Frontier AI, consolidating a range of industry and public authority commentary on frontier AI models. These models –...
FCA opens “AI Input Zone” and asks for contributions
The FCA has reopened its AI Input Zone which forms part of its AI Lab, and is asking for views on what “good” looks like in safe and responsible AI development. The FCA wants to create a good and poor...
Data protection complaints – are you ready?
Read our article on the changes coming into effect in June on the processes data controllers will have in place for individuals to raise data protection complaints.
DRCF explores agentic AI
The Digital Regulation Cooperation Forum has published a paper exploring use of agentic AI and how UK regulatory frameworks can help realise its opportunities in a safe way. The paper looks at: defining agentic AI...
Government publishes smart data strategy
The Government has published the Smart Data 2035 strategy, its vision for achieving a smart data economy for the UK. The document sets out the steps that will be taken between now and March 2029 to unlock growth...
BoE publishes summary of AI roundtables
The BoE has published a summary of its three recent round tables with firms, at which it wanted to get a better understanding of the constraints firms are facing in adopting AI and what it can do do support responsible...
Government publishes post-quantum cryptography roadmap
The Government has published the G7 Cyber Expert Group statement on advancing a coordinated roadmap for the transition to a post-quantum cryptography in the financial sector. The group has previously highlighted the...
DRCF calls for views on Agentic AI and regulatory challenges
The Digital Regulation Cooperation Forum has published a call for views on the regulatory challenges that Agentic AI presents. It is particularly interested in: the key regulatory challenges firms are facing when...
WBD lawyers explore AI uses, risks and development
Our UK and US teams attended a panel discussion in Copenhagen last week on AI’s legal risks and ethical adoption. ⚠️ We explored the three key legal risks presented by AI: regulatory, contractual and IP. In short...
How will the new Data (Use and Access) Bill impact DSARs?
🤖 The Bill reinstates the limitation on the restriction of automated decision-making to only those decisions based partly or wholly on special category personal data. The financial services sector has been an early...
What developments are we seeing globally in the AI space?
🚀 The UK’s pro-innovation approach The UK’s Communications and Digital Lords Select Committee has launched an inquiry into AI and creative tech, aimed at scaling businesses. This aligns with the UK’s...