Enterprises should report AI breaches and ‘near misses,’ says UK financial regulator

Summary

UK Financial Conduct Authority Chief Data Officer Jessica Rusu said enterprises should report significant AI failures and near-misses, extending existing major-incident reporting rules. Rusu said agentic systems need continuous, conditional assurance and that the FCA will work with industry and frontier labs on a framework for agentic finance. Malwarebytes researcher Pieter Arntz warned the approach could become a paper tiger if penalties are underwhelming.

Topics

• AI agents