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Threats to financial system ‘on steroids’ after AI boom, FCA chief warns
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Threats to financial system ‘on steroids’ after AI boom, FCA chief warns
The unchecked rise of artificial intelligence means the level of risk facing the financial system is currently “on steroids”, according to the boss of the Financial Conduct Authority, who warned that excessive “tick-box” rulemaking would fail to keep pace with increasingly complex threats. Speaking at a City of London dinner, Nikil Rathi said risks to [...]
22 Oct, 20:00
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