FinTech Global FS Regulatory Round-up - w/e 30 January 2026

ICYMI

• 2026 Global FSR Outlook: The Human Element
• Preparing for FCA authorisation as the UK cryptoasset regime nears completion
• UK Jurisdiction Taskforce consults on draft legal statement on liability for AI harms

UK

FCA speech on the long term review of AI in retail financial services

The FCA has published a speech by its Executive Director of Consumers and Competition, Sheldon Mills, at the regulator's Supercharged Sandbox Showcase event. Mr Mills spoke about the recently launched FCA review into the implications of advanced AI on consumers, retail financial markets and regulators, for which he serves as the lead.

The review will consider how emerging uses of AI could influence consumers, markets and firms, looking towards 2030 and beyond. The FCA is seeking views on the opportunities and risks of AI becoming more capable, how AI could reshape competition and the customer relationship, and how existing regulatory frameworks may need to adapt.