April 15 (Reuters) - The incoming head of the UK's prudential regulator for banks and insurers said on Wednesday risks and opportunities arising from the widespread adoption of artificial intelligence
Incoming PRA Head: AI Risks and Opportunities Must Be Addressed Equally in UK Finance
Balancing AI Risks and Opportunities in UK Financial Regulation
Incoming Regulator's Perspective on AI
April 15 (Reuters) - The incoming head of the UK's prudential regulator for banks and insurers said on Wednesday risks and opportunities arising from the widespread adoption of artificial intelligence in the financial sector should be addressed equally.
Statement from Braddick
"My personal view is that we have to, and will be expected to, address equally the threat and the opportunity," Braddick told lawmakers at her pre-appointment hearing before parliamentary Treasury Committee.
Concerns from Bank of England Leadership
Andrew Bailey's Warning on AI Cybersecurity
BoE Governor Andrew Bailey, who will be Braddick's boss, on Tuesday said authorities must quickly understand the implications of a new artificial intelligence model that could pose major cybersecurity dangers.
Reporting and Editorial Credits
(Reporting by Phoebe Seers, writing by Andy Bruce, editing by William James)
