Five immediate actions The FCA has set out five things firms using AI should do now: 1. Confirm which Senior Manager owns AI use, and record it. 2. List every AI tool in use, including advisers' and staff use of general purpose tools such as ChatGPT, and what client data, if any, they touch. 3. Complete due diligence before adopting any AI tool. 4. Define the human role: who checks the output, and against what? 5. Refresh your fraud and cybercrime controls. 13 Look out for Paradigm's coverage of the FCA's good and poor practice examples, which are expected from the regulator later in 2026.
RkJQdWJsaXNoZXIy MjI4MjU4NQ==