This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK finance firms face AI standards gap but need governance plans, FCA official says

By Frank Hersey and Sofia Gerace ( March 11, 2026, 11:40 GMT | Insight) -- Sensible standards are needed for governing AI in financial services firms, said an official from the financial watchdog, noting that companies are turning to voluntary standards in the meantime. Sheldon Mills suggested that all regulated firms should have AI governance strategies in place and warned that as Ai encroaches, humans will still need to be accountable for firms' use of the technology.UK financial services firms may need clearer standards to govern artificial intelligence, a senior UK regulator has said, warning that voluntary frameworks are filling the gap and that all firms should have AI governance strategies in place....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login