Whilst regulators and the UK government debate how best to regulate artificial intelligence (AI) to ensure that it delivers the best outcomes for consumers and markets, firms and their senior managers are already having to grapple with the governance and control frameworks required internally to enable them to be able to evidence to regulators compliance with existing regulatory requirements (particularly in light of recent regulator messaging around the need for robust governance in this area).  

In our latest briefing note, we consider some of the emerging risks and challenges for regulated firms with the continually evolving AI-related technology, as well as steps that firms can be taking now with a view to ensuring that they are best placed to meet future regulatory expectations.