68 Days
Source:
The Guardian
Regulator Urged to Strengthen AI Consumer Protections
The FCA Mills review warns that AI is already influencing financial services and could improve access but also increase risks such as fraud and cyber threats. It recommends the regulator strengthen its powers and adopt its own AI systems to better oversee firms and protect consumers. The review highlights the potential impact of AI on markets and consumer protection, urging prompt action by government and regulators.
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