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Tech regulation, AI, consumer focus among UK FCA's responses to panel scrutiny

( January 9, 2025, 13:56 GMT | Official Statement) -- MLex Summary: The UK’s Financial Conduct Authority has published a response to annual reports by six statutory independent panels with which it is required to consult. The FCA panels, which represent the interests of consumers, regulated firms, smaller businesses, market participants and others, raised concerns including around a lack of regulation on Big Tech and the speed at which generative AI capabilities were emerging, along with insights on the regulator's Consumer Duty and its secondary competitiveness and growth objective....

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