The SFE Data & AI Steering Group has outlined nine key principles to guide the responsible use of this technology, emphasizing transparency, ethics, security, and continuous innovation. By following these guidelines, the industry can unlock AI’s full potential while maintaining the trust of customers, regulators, and society.

Read our response to the Chancellor’s budget statement here.

First Minister Humza Yousaf will travel to London this week to take part in a number of events in partnership with the City of London Corporation, including agreeing an enhanced framework to promote Scotland and London as centres of excellence for financial services.

In our latest insight blog, Lindsay Lee, Senior Associate in Banking and Finance at Brodies, outlines the support, advice and information that is still available to firms regarding the Consumer Duty, the next steps that firms should be taking and how the FCA might approach non-compliance.

In the build up to their new consumer duty, the Financial Conduct Authority (FCA) have called for further action to be taken to ensure customers have access to the best savings rates amid the ongoing cost of living crisis.