Financial Services Financial Services

AI issues may require new regulatory framework, UK financial services watchdog says

The UK may need a framework to solve new regulatory challenges posed by artificial intelligence in financial markets, an official from the financial services watchdog said today.

Jessica Rusu, chief data officer at the Financial Conduct Authority, said there are concerns around issues like responsibility, "explainability" and governance.


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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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