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The FCA Says Accountability Stays With the Senior Manager. The Model Still Belongs to the Supplier.

The FCA Says Accountability Stays With the Senior Manager. The Model Still Belongs to the Supplier.

by Touch Stone Publishers | Oct 13, 2026

On July 6, 2026, the Financial Conduct Authority published the Mills Review and closed a door many firms had hoped was open. Accountability in retail financial services, the Review finds, “does not shift as AI takes on more of the work.” A senior manager...
The FSB Wrote Twelve Practices for Bank AI Agents. The Board Decides Whether They Are Standards.

The FSB Wrote Twelve Practices for Bank AI Agents. The Board Decides Whether They Are Standards.

by Touch Stone Publishers | Oct 7, 2026

Editor’s update — 30 October 2026: The FSB published its final report on 15 October 2026. The article below was published on 7 October and discusses the June consultation report; its references to an upcoming final report are historical. For the final text, follow the...
The EU AI Act Delay Reached Financial Services Boards. The SEC Examination Cycle Did Not.

The EU AI Act Delay Reached Financial Services Boards. The SEC Examination Cycle Did Not.

by Touch Stone Publishers | Jul 1, 2026

Financial services boards that used the EU AI Act’s May 2026 postponement as a reason to defer AI governance investment now face the examination cycle that did not move. The European Commission’s political agreement in May 2026 pushed the Annex III...

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