On 10 March 2025, the Financial Conduct Authority (FCA) published a letter on supporting artificial intelligence (AI), innovation and growth in financial services, which was written jointly by the FCA and the Information Commissioner’s Office (ICO) and addressed to Trade Association chairs and CEOs.
Background
In the letter, the FCA
On 4 March 2025, the Digital Markets, Competition and Consumers Act 2024 (Commencement No. 2) Regulations 2025 were published on legislation.gov.uk.
These Regulations bring into force certain provisions of the Digital Markets, Competition and Consumers Act 2024 (Act) on 6 April 2025 and bring further provisions, relating to consumer savings, into force on
SEC Commissioner Hester M. Peirce filled senior positions for the new Crypto Task Force.
The full update can be found here on our US Regulatory Intelligence platform.
Earlier this year the European Commission (Commission) announced that it was rejecting the draft Delegated Regulation supplementing the Digital Operational Resilience Act (DORA) with regard to regulatory technical standards (RTS) on subcontracting ICT services supporting critical or important functions.
The basis of the rejection was that the requirements introduced
On 24 February 2025, the Financial Conduct Authority (FCA) published the latest research note in its artificial intelligence (AI) series, asking ‘how can AI’s role in credit decisions be explained?’.
The note explores the relative effectiveness of different methods for explaining the outputs of AI to consumers in the context of
On 21 February 2025, the Financial Stability Board (FSB) announced that it was conducting a thematic peer review that will take stock of the progress made and planned by its members (and certain non-members) in implementing the FSB Crypto Framework.
The primary source of information for the peer review will be responses to