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Regulating AI in financial services needs shift in standards, BOE’s Bailey says

By Frank Hersey and Sofia Gerace ( September 23, 2025, 15:02 GMT | Insight) -- Companies need to use artificial intelligence as a productivity tool, but its constantly evolving sophistication give regulators a headache in finding the appropriate supervisory standards, Bank of England Governor Andrew Bailey has warned. Generative AI being used now in the financial sector cannot be held to the “old standards,” he said. Data technologies can also help companies realize that they possess data that could be a “smoking gun” in an investigation, he said.Companies need to use artificial intelligence as a productivity tool, but constantly evolving generative AI give regulators a headache in finding the appropriate supervisory standards, the UK central bank's chief has warned. ...

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