UK Lawmakers Demand AI Stress Tests to Shield Finance from Tech Turmoil
LONDON—Britain’s financial regulators face mounting pressure to overhaul their approach to artificial intelligence after a parliamentary panel warned…
Treasury Committee warns current approach to AI risks ‘serious harm’
The Bank of England (BoE), the Financial Conduct Authority (FCA) and the Treasury have been told by MPs…
Premier Insurance leaves 16,000 UK motor policyholders seeking replacement cover
The company, which specialised in motor cover for UK individuals and small businesses, was placed into administration on…
What will cryptocurrency regulation mean for financial advice?
Back in November last year, the Financial Conduct Authority (FCA) started to share its approach to regulating cryptocurrency…
FOS reduces compensation interest rate after joint call for input feedback
Confirmed today (15 July) following a consultation earlier this summer, the interest applied to some awards the Ombudsman…
Bank of England hints at stance on UK stablecoins – Ledger Insights
Earlier this week Sarah Breeden, the Deputy Governor of the Bank of England, gave a speech at the…
FCA Plans to Retire Outdated Guidance to Streamline Regulation
The United Kingdom’s Financial Conduct Authority plans to retire more than 100 pages of outdated guidance, withdraw hundreds…
Abolition of Regulator is ‘Pragmatic Next Step’
The head of the United Kingdom’s Payment Systems Regulator (PSR) reportedly said Wednesday (March 12) that he had been aware…
VASP OK Makes It UK’s Biggest Registered Crypto Firm
Coinbase says it is now the largest registered digital assets company in the U.K. That milestone, announced by the cryptocurrency exchange…
UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Activity in the…
UK Authorities to Improve Cooperation on Payments Vision
Four financial authorities in the United Kingdom said they are working to improve their cooperation and will revise…
UK’s FCA Aims to Support Financial Services Sector
The United Kingdom’s Financial Conduct Authority (FCA) has launched an economic research competition that will award four winners…