AI Governance & Compliance in UK Financial Services with Jacob Turner

Introduction

Artificial Intelligence (AI) is playing an ever-increasing role in financial services. This trend brings both opportunities and increasing dangers for businesses, both in terms of regulation as well as general liability.

This virtual classroom session explores the evolving legal landscape surrounding AI in UK financial services, examining regulatory challenges, compliance requirements, and practical implementation strategies.

This live and interactive course is presented by Jacob Turner of Fountain Court Chambers, a leading expert in AI regulation.

What You Will Learn

This live and interactive course will cover the following:

• Regulatory Framework and Governance
• The FCA's principles-based approach to AI regulation
• Government AI principles: safety, transparency, fairness, accountability, and contestability
• The role of the Consumer Duty in AI-driven financial services
• Current Regulatory Developments
• The FCA's AI Live Testing initiative and regulatory sandboxes
• Recent consultations on AI in UK financial services
• Bank of England and FCA collaborative approach to AI oversight
• Key Legal Risks and Compliance Issues
• Data protection implications under UK GDPR (including recent reforms of Article 22)
• Algorithmic bias and discrimination risks
• Model explainability and transparency requirements
• Operational resilience and critical third-party AI provider risks
• AI in credit scoring and lending decisions
• Algorithmic trading and market manipulation risks
• Consumer protection in AI-driven advice and sales
• The EU AI Act and its impact on financial services in the UK and beyond
• Practical Implementation Strategies
• Risk assessment frameworks for AI systems
• Governance structures and senior management accountability
• Insurance and indemnity considerations for AI deployment
• AI audit and monitoring requirements
• Staff training and competency development
• Vendor due diligence for AI service providers

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.