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.

UK Parliament building in London related to crypto political donation policy

UK National Security Strategy Committee Chair Urges Temporary Ban on Crypto Political Donations

LONDON, February 24, 2026 — The chair of the UK Parliament’s Joint Committee on the National Security Strategy has called for an urgent temporary ban on political donations made in cryptocurrency, citing concerns about foreign interference in British elections, according to a report by The Guardian.