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BoE tests AI to detect novel fraud in real time
The Bank of England (BoE), in collaboration with the BIS Innovation Hub in London, has conducted a pioneering experiment using AI to detect fraud in retail payment systems.
Bank of England highlights AI’s potential threats to financial stability
As the Bank of England's Financial Policy Committee scrutinizes the integration of advanced AI technologies in trading and investment activities, it has raised concerns about the stability of the financial system.
Bank of England and BIS unveil CBDC project
The Bank of England and the Bank of International Settlements (BIS), has successfully completed a collaborative project regarding CBDC.
Bank of England begins building out its CBDC team
The Bank of England (BofE) has begun hiring workers to develop its digital currency, according to PYMNTS.
Bank of England heads simulation to test UK financial sector resilience
The Bank of England has partnered with HM Treasury and the Financial Conduct Authority to undertake a two-day simulation exercise.
Are regulatory constraints hindering machine learning development?
A Bank of England survey has found UK financial companies blame a lack of regulatory clarity and legacy systems for hampering the deployment of machine learning technology.
Bank of England and MIT partner for CBDC research
The Bank of England has teamed up with the Massachusetts Institute of Technology (MIT) for a 12-month research project around central bank digital currency (CBDC).
Bank of England urges crypto firms to ensure sanctions enforcement
The Bank of England has called on crypto companies to make sure sanctions are enforced in light on the continuing conflict between Russia and Ukraine.
UK Regulators issue guidance on AI
The Bank of England and Financial Conduct Authority (FCA) have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.
The PRA underlines 2022 supervisory priorities for international banks in the...
The Prudential Regulatory Authority (PRA) has set out in a Dear CEO letter its supervisory priorities for international banks active in the UK for 2022.