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Standardized AI benchmarks are needed ahead of testing, UK finance firms tell FCA

( September 9, 2025, 10:49 GMT | Official Statement) -- MLex Summary: Finance firms in the UK have highlighted the need for greater regulatory clarity and regulator-brokered, standardized benchmarks in their use of AI, in feedback to the Financial Conduct Authority on its proposal for AI Live Testing. The initiative offers a safe testing ground for AI with regulatory support. The FCA is accepting applications for the first cohort until Sept. 15, to begin in October. The respondents, which include NatWest and Royal & Sun Alliance, also highlight the need for model stress testing and the integration of international standards.Statement follows, feedback report attached:...

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