AI in Financial Services: Managing machines in an evolving legal landscape
Webinar
Over recent years we have seen an increased engagement from regulators across the globe with respect to artificial intelligence, including in the financial services arena where AI is already having a profound impact.
AI is a constantly evolving disruptive technology posing novel ethical challenges and as a result, law and regulation have struggled to keep up with it. As a result, differing approaches to regulation across regions and sectors – including the finance sector – are emerging. Certain areas of law have also responded in their own way, such as data protection law and competition law.
Overall, the regulation of AI continues to be a complex and evolving area requiring a multidisciplinary legal approach. During this panel discussion, speakers focused on the position for market participants in the UK and:
- Explored existing and evolving financial and data protection regulation, and the compliance requirements that would apply to AI’s use in finance
- Offered practical guidance to address some of the key ethical challenges relating to the use of AI in the financial services sector
- Assessed the potential impact of the EU’s proposal for AI specific, cross-sector regulation on the financial services sector and discussed how the UK might respond in terms of aligning or diverging.
Panelists were:
- Jennifer Calver, Tech Sector and Fintech Senior Associate, Linklaters (Moderator)
- Guillaume Couneson, Partner / Senior Technology, Telecommunications & Privacy Law Specialist, Linklaters
- Harriet Rees, Head of Data Science, Starling Bank
- Simon Treacy, Fintech Senior Associate, Linklaters
- Oliver Thew, Senior Fintech Specialist, Bank of England
