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AI issues may require new regulatory framework, UK financial services watchdog says

By Phoebe Seers ( November 9, 2022, 13:16 GMT | Insight) -- While existing rules like the UK’s senior managers regime can apply to new regulatory challenges posed by the use of artificial intelligence in UK financial markets, key challenges around issues like responsibility, "explainability" and governance may need to be addressed by a framework for machine learning, an official from the financial services watchdog said today.The UK may need a framework to solve new regulatory challenges posed by artificial intelligence in financial markets, an official from the financial services watchdog said today....

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