The FCA’s Sheldon Mills says the UK should review whether general-purpose models like ChatGPT, Claude and Gemini need regulating as they shape money decisions.

FCA CEO Nikhil Rathi warns over 80% of UK financial firms use AI as regulators struggle to keep pace, with implications for crypto and digital asset

The FCA’s Sheldon Mills says the UK should review whether general-purpose models like ChatGPT, Claude and Gemini need regulating as they shape money decisions.