FCA eyes machine learning in a bid to become a 'robo-regulator'

Technological advancements could eliminate transaction costs

Mike Sheen
How will the FCA adopt neew technology into regulation?

How will the FCA adopt neew technology into regulation?

The Financial Conduct Authority (FCA) is embracing "science fiction" in its plans for the future of financial regulation, which could see it using artificial intelligence (AI) to identify firms and individuals that are most likely to break rules before they have a chance to act.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) summit on 31 October, acting director of strategy at the FCA Richard Monks explained technology was set to change the...

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