The Financial Conduct Authority outlined on Monday the scope of the review of its dealings with a whistleblower who committed suicide, which will include scrutiny of whether it followed required standards and internal procedures.
The Financial Conduct Authority outlined on Monday the scope of the review of its dealings with a whistleblower who committed suicide, which will include scrutiny of whether it followed required standards and internal procedures.
The Financial Conduct Authority on Monday identified numerous "weaknesses" in U.K. banks' use of artificial intelligence and financial crime controls, warning inadequate oversight, data management failures and gaps in risk assessments could expose firms to operational and regulatory risks.
HM Revenue & Customs is investigating how Boston Consulting Group's U.K. arm treats partners for income tax purposes, the company disclosed after a U.K. Supreme Court ruling allowing a hedge fund's managers to be taxed as employees.
A Canadian passport maker is seeking to revoke a Thales patent, alleging in a London court that it had already developed and publicly demonstrated the technology at an industry conference a year before the French multinational sought patent protection.
Organizations that deploy autonomous agents powered by artificial intelligence are still responsible for their use and compliance with existing legal and regulatory frameworks, four of the country's leading regulators have said.
The government is making more than £700 million ($940 million) available to developers to bring forward up to 10 major industrial and commercial sites as it seeks to attract private investment in Britain and boost reindustrialization.
French lending giant BNP Paribas SA on Monday began repurchasing up to €1.3 billion ($1.45 billion) of its shares after receiving European Central Bank approval.
