FRC Launches Research Into AI's Impact on Corporate Reporting Standards
The Financial Reporting Council has launched a formal research project examining AI adoption in corporate reporting, signalling intent to base future guidance on evidence rather than assumption. The i...
UK Financial Firms Face Critical AI Compliance Gap Amid Global Fraud Surge
Senior leaders in UK financial services are warning of a systemic governance gap as AI-enabled fraud reaches unprecedented scale. While the US and Singapore have published AI risk frameworks, UK firms...
FCA's Second AI Cohort Signals Shift to Supervised Testing
The FCA has confirmed eight firms for its second AI Live Testing cohort, marking an evolution in how UK regulators supervise emerging AI use cases. The programme reflects rapid innovation in agentic s...
61% of Finance Staff Use AI Daily—But Monitoring Lags Behind
A new Smarsh survey exposes a critical compliance gap in UK financial services: 61% of staff deploy generative AI daily for client-facing work, yet only 32% trust their firms' surveillance systems to...