A new Smarsh survey exposes a critical compliance gap in UK financial services: 61% of staff deploy generative AI daily for client-facing work, yet only 32% trust their firms' surveillance systems to detect AI-generated content risks. The finding signals potential exposure under COBS, ICOBS and SM&C

The Financial Reporting Council has partnered with Lancaster University on a major research project examining AI adoption in financial reporting and auditing at public interest entities. The evidence-gathering exercise signals the FRC's intent to base future AI regulation on empirical data rather th

The FCA has selected eight major financial services firms including Barclays and Experian for its second AI Live Testing cohort. The expansion signals regulatory confidence in safe AI deployment under existing Consumer Duty and SMCR frameworks.