( July 6, 2026, 10:31 GMT | Official Statement) -- MLex Summary: Adapting the UK regulatory framework to increasingly capable AI, monitoring the shift to autonomous models and building AI-enabled supervision should be among the priorities for the UK financial regulator, a report published by the Financial Conduct Authority, or FCA, said on Monday. The seven recommendations for the regulator's board in the review led by FCA executive director Sheldon Mills also included strengthening system-wide oversight, securing the regulatory perimeter, an enabling the foundations of agentic finance. The report also warned of growing fraud, cyber and market-concentration risks stemming from AI.Statement follows. Report attached....
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