What is FS2/23?
In October 2022, The Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) published a discussion paper, (DP) 5/22, regarding the use of AI and Machine Learning (ML) in UK financial services and the regulators’ supervisory activity. A subsequent feedback statement, FS2/23
Continue Reading FS2/33: A guide to future AI regulatory approaches in the financial services sector?
On 1 June, the UK’s Competition and Markets Authority (“CMA”) issued their response (“Response”) to the UK Government’s (“Government”) AI White Paper (“Paper”) consultation, detailing their considerations on the proposed framework the UK seeks to implement in the regulation of artificial intelligence
Continue Reading Maintaining the Competitive Edge: Competition and Markets Authority responds to the UK Government’s AI White Paper
On 4 May 2023, the UK’s Competition and Markets Authority (“CMA”) announced the launch of an initial review of competition and consumer protection principles that are designed to guide the ongoing development and use of artificial intelligence (“AI”) foundation models.
These models are a type of
Continue Reading Keeping an ‘AI’ on the Market: Competition and Markets Authority announces launch of consumer protections for artificial intelligence
Separate to considering the legal terms and conditions that organisations ask consumer customers to sign up to, consumer experts and regulatory authorities are increasingly considering the impact of ‘online choice architecture’ (“OCA”), ie the design of websites, apps and devices that influence consumer behaviour and that leads a
Continue Reading Online Choice Architecture
