This summit explored the real-world applications of Gen AI for financial institutions and the huge potential for the industry of the next phase of AI, Agentic AI. It also provided a detailed analysis of all the related issues, including regulation, data governance, AI infrastructure, the impact on financial markets and specific financial products, international developments and risk management. Top AI experts shared their insights, global regulators discussed emerging AI regulation and financial services leaders discussed current and future AI applications.

This global summit brought together some of the top experts to consider the various regulatory approaches that were being adopted internationally, the key legal issues involved in AI and how regulation is being coordinated at a supranational level to avoid regulatory arbitrage.

Building on the current work and the latest priorities of the DRCF, Bank of England, the FCA, ICO, CIPL, CDEI and leading financial institutions in the UK, Europe and US, the Data, AI and the Future of Financial Services Summit provided you with best practice for achieving optimal business outcomes with data + AI in respect of people, process, and technology, and enabled you to learn how to deliver digital transformation in a data driven industry.

Generative AI has already led to many use cases in financial services. However, the real potential may lie in next generation AI. At this summit, top AI experts shared their insights on this, global regulators discussed emerging AI regulation and financial services leaders discussed current and future AI applications, model risk management, and governance and ethical issues.

The EU AI Act was the first comprehensive model for the regulation of AI to be introduced internationally (other than China’s AI regulation, which has a different objective). It took a prescriptive, rules-based approach and covered both the providers and users of AI technologies. It was extra-territorial in its reach, although how this might be enforced is not yet clear. In recognition of how quickly AI technology is developing, those drafting the legislation have tried to build in a degree of flexibility, but this is likely to be limited by the fact that it is rules-based.

While the benefits of artificial intelligence (AI) to society, including the business community, are enormous, there has been a great deal of focus on how best AI models should be regulated to avoid any potential adverse consequences.

City & Financial Global’s timely global summit on this subject brought together some of the foremost experts to consider the various regulatory approaches that are being adopted internationally, the key legal issues involved in AI and how regulation can be coordinated at a supranational level to avoid regulatory arbitrage.