FCA
"AI concentrates some risks at system level through shared models, infrastructure and cross-border dependencies..."
"AI-driven failures sit squarely within scope"
Financial Conduct Authority hits Metro with a fine of almost £17 million in relation to the operation of its Automated Transaction Monitoring System.
Jessica Rusu promises "greater computing power, enriched datasets and increased AI testing capabilities" for the regulator's sandbox
Regulator alleges that leaders did not tell engineers about the "seriousness and potential consequences" of neglecting to implement a previous FCA agreement.
Current Digital Sanbox is prized for providing synthetic data for validation.
