BOE, FCA must stress-test AI risks to financial system, lawmakers say (*update)
By Sofia Gerace ( January 20, 2026, 00:01 GMT | Insight) -- The Bank of England and the UK’s Financial Conduct Authority must stress-test AI-driven shocks to the financial sector, a parliamentary committee said in a report on Tuesday, warning regulators are failing to manage the risks posed by the fast-moving technology. The cross-party Treasury Committee also called for the regulators to put major AI firms under regulatory oversight by the end of this year. The Bank of England and the UK’s Financial Conduct Authority must stress-test AI-driven shocks to the financial sector, a parliamentary committee said in a report on Tuesday, warning regulators are failing to manage the risks posed by the fast-moving technology....
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