We have set out plans for using AI to speed up authorisations, testing new tools to identify key risks earlier, with our people remaining at the heart of decision-making.
The new authorisation tool is being developed internally and will be integrated into existing FCA systems.
It forms part of our annual work programme 2026/27, which lays out how we’re accelerating our ambition to be a smarter, mo...
The FCA's annual work programme indicates a strategic shift towards leveraging AI to enhance regulatory decision-making, streamline supervision, and reduce administrative burdens on firms. This move can be seen as part of a broader trend towards digital transformation in regulatory agencies worldwide. However, the integration of AI carries potential risks such as bias, lack of transparency, and privacy concerns that the FCA will need to address to ensure fairness and public trust. Additionally, ...