The Bank of England (BoE) and FCA Artificial Intelligence Public-Private Forum (AIPPF) published its Final Report on 17 February 2022 setting out key findings, best practice and other discussion points for financial services firms using artificial intelligence (AI) and machine learning (ML).
This is an important document that provides helpful guidance to firms and reflects expectations of best practice regarding the use of AI and ML.
The update below summarises the key points from the Final Report (the full text is available here).
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