The UK’s Financial Conduct Authority (FCA) plans to launch artificial intelligence (AI) live testing as part of the existing AI Lab, to support safe and responsible deployment by firms.
Regulatory and technical teams will work directly with firms, providing tailored support as firms develop, assess and deploy live AI models in UK financial markets. This will include exploring output-driven validation and other methods to evaluate the impact of AI model use in UK financial markets.
Through AI Live Testing, firms will be able to live-test AI models to build confidence in their performance, while also receiving regulatory support and comfort to support safe and responsible deployment.