[2026-01-20] The latest IT, economic, blockchain and coin news
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2026-01-20 | Curator: CryptoTerminal
UK Parliamentary Panel Flags AI Oversight Gaps Could Expose Financial System to Harm
A UK parliamentary committee has warned that the rapid adoption of artificial intelligence across financial services is outpacing regulators' ability to manage risks to consumers and the financial system, raising concerns about accountability, oversight, and reliance on major technology providers. In findings ordered to be printed by the House of Commons earlier this month, the Treasury Committee said UK regulators, including the Financial Conduct Authority, the Bank of England, and HM Treasury,...
