FCA expands AI live testing program for financial firms

FCA Selects Eight Firms for Second AI Live Testing Cohort

LONDON, April 21, 2026 — The UK Financial Conduct Authority said eight firms, including Barclays, Experian, Lloyds Banking Group and UBS, have been selected for the second cohort of its AI Live Testing programme, which is intended to support the safe and responsible deployment of artificial intelligence in financial services, according to a statement published Tuesday.

Illustration of layered documents with a node diagram representing transaction reporting system architecture

FCA and Bank of England Establish Taskforce to Harmonise Transaction Reporting

LONDON, April 2, 2026 — The Financial Conduct Authority and the Bank of England have jointly invited expressions of interest from market participants to join a taskforce aimed at informing the design of a long-term approach to harmonising transaction and post-trade reporting across UK wholesale markets, according to a statement.

FCA consultation document

FCA Consultation on Cryptoasset Market Abuse and Disclosure Framework Closes

LONDON, February 13, 2026 — The UK Financial Conduct Authority published a consultation setting out proposed rules and guidance for a framework covering cryptoasset admissions, disclosures and a market abuse regime, with responses requested by Feb. 12, 2026, according to Consultation Paper CP25/41.