UK Regulators Seek Architectural Advice As They Lay The Foundation For Governing Algorithms

As governments across the globe increase their focus on artificial intelligence and other algorithms, the UK Digital Regulation Cooperation Forum (DRCF) announced its next moves. A joint initiative among the major UK regulators touching on digital services (the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), the Information Commissioner's Office (ICO), and Ofcom, the UK communications regulator), the DRCF promotes greater cooperation and coordination among them. Recently, the DRCF released its workplan for the financial year and published two discussion papers on algorithms, The benefits and harms of algorithms: a shared perspective from the four digital regulators and Auditing algorithms: the existing landscape, role of regulators and future outlook. The discussion papers explore how regulators and the public should consider the potential risks and benefits of algorithmic processing,¹ how algorithmic auditing might reduce those