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ARTICLE · 05 FEBRUARY 2020

FIG Bulletin, 31 January 2020

The Financial Conduct Authority (FCA) has announced that it is establishing, with the Bank of England (BoE), a forum, called the Financial Services AI Public Private Forum.

European UnionFinance and Banking

General

FCA and BoE artificial intelligence forum

The Financial Conduct Authority (FCA) has announced that it is establishing, with the Bank of England (BoE), a forum, called the Financial Services AI Public Private Forum (AIPPF), to facilitate dialogue with the public and private sectors to understand the use and impact of artificial intelligence (AI) and machine learning (ML). 

The Forum seeks to:

  • share information and understand the practical challenges of using AI and ML within financial services, as well as the barriers to deployment and potential risks;
  • gather views on potential areas where principles, guidance or good practice examples could be useful in supporting safe adoption of these technologies; and

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