The Financial Conduct Authority (FCA) is looking at how artificial intelligence (AI) and machine learning could help the regulator improve its processes, according to chief operating officer Emily Shepperd.
Speaking last week at the Culture and Conduct Forum, Shepperd - also the regulator's executive director of authorisations - said the FCA was actively seeking out opportunities from new technology. "One question we, along with most others, are currently pondering is the potential of machine learning and AI," she stated. "We need to constantly evaluate and adapt to developments in technology to deliver innovative and efficient regulation." Shepperd said the regulator was "making sure to build strong controls or governance" on its mission to securely adopt certain forms of generative AI,...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
