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UK FCA Warns of 'Arms Race' in Financial AI Regulation, Seeks New Powers to Regulate Models like ChatGPT

AirdropBlackHole

2026-07-06 08:02:02

On July 6, the Financial Times reported that the UK's Financial Conduct Authority (FCA) warned that the regulation of artificial intelligence in the financial sector is facing an 'arms race' and urged for new powers to regulate models such as ChatGPT, Claude, and Gemini.

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