In order to have a better understanding of impact of Artificial Intelligence (“AI”) and Machine Learning (“ML”) on financial services, the Bank of England (the “BoE”) and the Financial Conduct Authority (the “FCA”) have established the Artificial Intelligence Public-Private Forum (“AIPPF”).
Tag: Financial Conduct Authority
Response to FCA: Consultation on the proposed policy with respect to the exercise of its powers in relation to LIBOR Transition: 18 January 2021
To facilitate the transition of “tough legacy” contracts away from LIBOR, HM Government has introduced the Financial Services Bill 2019-21 (the “Financial Services Bill”) which grants new powers under to the Financial Conduct Authority (“FCA”) to help it manage an orderly “wind-down of critical benchmarks”.
Letter to the Department for Exiting the European Union: Legal Uncertainties relating to Insurance Business: 12 July 2018
The FMLC has sent a letter detailing the issues of legal uncertainty which arise in relation to insurance business in the context of Brexit. The letter draws attention to the […]
Buy-side Scoping Forum meeting: 13 July 2017
On 13 July 2017, members of the Buy-side Scoping Forum met for the second meeting of 2017. The meeting was chaired by Monica Gogna of Ropes & Gray International LLP. […]
Buy-side Scoping Forum meeting: 7 April 2017
On 7 April 2017, members of the Buy-side Scoping Forum met for the first meeting of 2017. The meeting was chaired by Christopher Dearie of MJ Hudson Limited. On the […]
Letter to Financial Conduct Authority: Asset Management Review: 20 February 2017
The FMLC commented on the Financial Conduct Authority’s Asset Management Market Study, the interim findings of which were published in November 2016. The FMLC noted issues of legal uncertainty that […]
Report: Client Monies: 24 January 2014
FMLC report entitled Response to the consultation of the Financial Conduct Authority entitled: “Review of the client assets regime for investment business” (Consultation Paper CP 13/5), published 24 January 2014. […]