Morning, Friday, 6th March 2026
Online
This conference will examine the evolving role of AI in UK financial services, with a focus on practicalities for safe adoption and innovation, alongside implications for financial markets, firms, and consumer outcomes. It takes place against a backdrop of accelerating adoption across the sector, alongside emerging parliamentary, regulatory and supervisory scrutiny, including forthcoming work by the Treasury Committee, the Bank of England and the FCA, and new data-sharing obligations coming into force.
Policy & latest developments
It will bring stakeholders and policymakers together to discuss the Treasury Committee report on AI use in financial services, which is expected to be published shortly. Sessions will assess strategies for pursuing the benefits of AI adoption while maintaining financial stability and protecting financial consumers.
The agenda will examine the TRUSTED governance model proposed in the Bank of England’s Artificial intelligence in the financial system report, and practicalities for implementing expectations proportionately across firms of different sizes, alongside the way forward for strengthening data management practices to support clarity and regulatory oversight.
Drawing on concerns raised by the Financial Policy Committee, discussion will address risks arising where firms rely on similar models or data and may respond in the same way to market signals, alongside concentration of model providers, operational resilience and cyber risk, and the need for cross-industry data to support monitoring and stress analysis. Attendees will also consider options for updating legal and regulatory frameworks as AI is used more widely by banks and insurers in core financial decision-making.
Data use, accountability and liability
Delegates will consider implications of related measures in the Data (Use and Access) Act 2025 for financial services, including obligations for accessing, sharing and processing data across public and private systems. This will be considered alongside demand for greater clarity on data use, intellectual property and liability where AI models rely on shared or third-party data.
Coordination, testing and scaling adoption
Sessions will assess options for coordination between regulators as reliance on third-party vendors and large models expands, including the FCA’s September 2025 update that AI providers may be designated as critical third parties in future. Discussion will also consider pathways for testing and scaling, including evidential expectations as firms move from pilots to live deployment, and implications for proportionality and access for smaller firms.
Workforce & skills
The agenda will examine implications for employment and skills, including sector approaches to retraining and upskilling as roles evolve, and whether shortages in specialist capability could constrain responsible adoption.
Regulation & monitoring
Oversight mechanisms will be examined, including how regulatory responses might need to adapt to address concerns around market integrity and system resilience, and risks arising from increasingly autonomous or data-driven trading activity while avoiding constraints on innovation.
Delegates will consider priorities for proportional testing and monitoring standards, including the FCA’s new live-testing service for AI tools.
Consumer protection & trust
Delegates will assess consumer protection priorities as AI is used more widely for fraud detection, credit assessment and customer-facing services, including accountability, redress and liability frameworks, and approaches to maintaining public confidence where AI tools rely on third-party providers.
Infrastructure & capacity
Further sessions will consider practical implementation of the Government’s UK Compute Roadmap for the sector, including access to scalable and affordable compute, resilience and vendor concentration risks, and whether infrastructure constraints may affect competitiveness.
All delegates will be able to contribute to the output of the conference, which will be shared with parliamentary, ministerial, departmental and regulatory offices, and more widely. This includes the full proceedings and additional articles submitted by delegates. As well as key stakeholders, those already due to attend include officials from the Department for Science, Innovation and Technology; Department for Business and Trade; Department of Justice, NI; HM Treasury; HM Revenue & Customs; Department of Finance, NI; Office for Investment; Home Office; and Department of Health, ROI.
