FCA boss warns laws can never keep up with AI – Mortgage Strategy
• Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), has warned that the rapid evolution of artificial intelligence is outpacing the ability of lawmakers and regulators to create effective legislation. • The warning highlights a critical gap between the speed of AI technological advancement and the slower, traditional pace of regulatory frameworks. • This disparity matters because it creates potential risks in the financial sector where outdated laws may fail to address new AI-driven challenges.
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