5/20/2025 7:22:28 PM European Parliament drafts demand for Commission to spell out how financial regulation applies to AI By Victoria McGowan A committee of the European Parliament has published a draft report on the impact of artificial intelligence on the financial sector. The...
5/16/2025 2:56:14 PM EU guidance suggests firms may need to train clients and service providers on AI By Raza Naeem Simon Treacy The EU AI Act requires providers and deployers of AI systems to make sure that their staff understand the AI they use. In a new Q&A...
4/30/2025 1:28:41 PM FCA shares AI themes and launches AI test service By Fiona Garrahan Sara Cody Simon Treacy The Financial Conduct Authority is stepping up its work on AI in financial services. The results of its recent AI Sprint show how...
4/29/2025 11:44:27 AM Bank of England considers financial stability implications of AI By Simon Treacy Elton Qemali The Bank of England is closely monitoring the implications of how artificial intelligence is used in financial services. In a new report...
2/12/2025 9:45:42 PM AI know it when AI see it: EU tries to clear up what an AI system is By Raza Naeem Simon Treacy The European Commission has issued guidance on what systems are artificial intelligence under the EU’s AI Act. Understanding the scope of...
1/30/2025 11:48:49 AM The EU AI Act: What is it and what do payments firms need to know? By Olivia Murphy The EU AI Act is a regulation which applies directly in every Member State and seeks to impose requirements on the supply and use of AI...
1/17/2025 5:33:18 PM Payments in 2025 #5 – AI in payments By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less The payments industry has a strong track record of using AI to help spot and stop fraud. Now, as they explore other opportunities to...
10/23/2024 3:38:56 PM AI-washing – the latest developments and how to mitigate the risk By Duncan Campbell As AI rapidly develops, it brings with it the risk that firms might be accused of ‘AI-washing’: ‘overselling’ their AI’s capabilities,...
7/4/2024 12:31:30 PM EU institutions explore AI in financial services By Simon Treacy As our mid-year legal outlook shows, the legal impact of AI adoption is not limited to the tech sector. Financial services firms are...
11/8/2023 5:00:49 PM Spanish AI sandbox law passed – registrations starting soon! By Ceyhun Pehlivan The Spanish Council of Ministers has passed a Royal Decree that allows registration for artificial intelligence system providers and...
10/11/2023 7:43:21 AM Spain: pre-registration now open for AI sandbox By Ceyhun Pehlivan The Spanish Ministry of Economic Affairs and Digital Transformation has announced the pre-registration opening for artificial...
6/14/2023 7:26:46 PM EU's AI Act moves to the final stage of adoption By Ceyhun Pehlivan Today, the European Parliament has adopted its position on the AI Act. The EU now comes a step closer to passing the first ever...
6/8/2023 8:24:16 AM Spain publishes new draft Bill on AI sandbox By Ceyhun Pehlivan AI is evolving at a very rapid pace and the regulatory environment has struggled to keep up. The Spanish Ministry of Economic Affairs and...
6/6/2023 7:10:02 PM EU and US working on voluntary AI code of conduct By Ceyhun Pehlivan EU and US lawmakers are working together to create a voluntary code of conduct for artificial intelligence (AI). The aim of this code is...
6/2/2023 9:21:22 AM Spanish guidance on AI: data accuracy is key By Ceyhun Pehlivan The Spanish Data Protection Agency (AEPD) has recently published guidance on the importance of ensuring that the data used to train an AI...
5/12/2023 9:06:58 AM EU AI Act: A step closer to the world’s first AI regulation By Ceyhun Pehlivan Yesterday, the Internal Market Committee and the Civil Liberties Committee of the European Parliament adopted the first ever rules...