2026-04-16
The Bank of England and Financial Conduct Authority established a joint Artificial Intelligence Consortium to coordinate AI governance, model risk management, and digital finance innovation across the UK financial sector. The February 2026 minutes document formally records the consortium’s dual leadership structure and expanded membership roster, which includes senior executives from major banks, technology providers, and academic research institutes. This expanded network ensures standardized oversight of responsible AI deployment, data science strategies, and regulatory compliance for both commercial investment and retail financial services.