Andrew Bailey says more resources needed to upgrade regulations for AI and blockchain
The main City regulator fears being left behind by a unique wave of technological innovation that could increase the risk of financial firms making bad decisions and going bust,according to its latest business device.
The Financial Conduct Authority said that developments, which include artificial intelligence and blockchain technology for financial transactions, and could race ahead without adequate regulations in spot,potentially undermining the strength of London as a financial centre. Related: 'One of the biggest financial scandals around': FCA criticised over LC&F Continue reading...
Source: theguardian.com