BoE and FCA unveils results from survey on AI
22 November 2024

BoE and FCA unveils results from survey on AI
The Bank of England and FCA released their 2024 AI and Machine Learning in UK Financial Services survey
News and insights



This survey highlights the rapid adoption of AI, its benefits for operational efficiency and fraud prevention, and the challenges firms face in governance and risk management.
Key highlights include:
✅ Firms should focus on enhancing AI governance frameworks, ensuring robust oversight of third-party models, and investing in talent to harness AI’s full potential responsibly.