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
Read more: 61% of Finance Staff Use AI Daily—But Monitoring Lags Behind
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
Read more: FRC Launches AI in Corporate Reporting Research with Universities
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.
Read more: FCA's Second AI Testing Cohort Signals Regulatory Confidence
The DRCF has identified seven key regulatory compliance risks from AI agents deployed by accountancy firms, confirming they remain subject to existing UK regulatory frameworks. The guidance emphasises human oversight and data controls as essential guardrails.
Read more: AI Agents Present Seven Key Compliance Risks for Accountancy
SAS has launched AI Navigator to help regulated firms compile complete AI inventories and align systems with government regulations. The platform addresses growing shadow AI compliance risks ahead of the EU AI Act August 2026 deadline.
Read more: SAS AI Navigator Targets Growing Shadow AI Governance Challenge
Experian has launched Transaction Forensics combining behavioural analytics with 80+ AI models to detect APP fraud and AI-generated document fraud in real-time. The solution responds to escalating FCA and PRA fraud prevention enforcement.
Read more: Experian's Transaction Forensics Counters AI-Enabled Fraud Risk
SAS launches AI Navigator to centralise governance of artificial intelligence deployments across organisations. UK firms face August 2026 EU AI Act deadline and intensifying FCA oversight.
Read more: SAS AI Navigator: The Governance Tool UK Firms Need Now
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