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UK FCA Warns of Intensifying AI Regulatory Competition in Financial Sector, Calls for Expanded Oversight Powers over Large Models

2026-07-06 00:49:21

BlockBeats news, July 6, according to the Financial Times, the UK Financial Conduct Authority (FCA) said that the financial sector is seeing an artificial intelligence regulatory "race" and called for new regulatory powers to strengthen supervision of large models such as ChatGPT, Claude, and Gemini.

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