Regulatory Alerts2026-04-16
Artificial Intelligence Consortium Minutes – February 2026
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.
Artificial Intelligence Consortium List of participants Chairs Co-Chair Role Organisation Breeden, Sarah Deputy Governor, Financial Stability Bank of England Geale, David Executive Director, Payments & Digital Finance Financial Conduct Authority Members Member Role Organisation Ahmed, Ratul Global Head of Model Risk Management & Validation Commerzbank AG Beliossi, Giovanni Head of Investment Strategies Axyon AI SRL Bhatti, Tanveer Independent Brink, Suzanne Head of Responsible AI Lloyds Banking Group Buchanan, Bonnie Gai Director of Sustainable & Explainable FinTech Centre University of Surrey Daley, Sue Director Technology and Innovation techUK Dunmur, Alan Chief Risk Officer Allica Bank Heffron, Sarah Chief Data & Analytics Officer, Commercial Investment Bank JP Morgan Hughes, Clara Head of AI & Analytics Pension Insurance Corp Jefferson, Michael Head of Financial Services Public Policy Amazon Web Services Jones, Matthew Head of Risk Decisions & Data Science Nationwide Building Society Kazantsev, Gary Head of Quant Technology Strategy, Office of the CTO Bloomberg LP Kazim, Emre Co-CEO Holistic AI Li, Feng Associate Dean for Research & Innovation Bayes Business School Mullins, Inga Founder & CEO Fluency Patel, Parimal Independent Pearce, Christopher Chief Data Officer Ageas UK Pearce, Luke Chief Data Officer Santander Prince, Emily Group Head of Analytics LSEG Rees, Harriet Chief Information Officer Starling Bank Limited Rosenshine, Kate Global Technology Director Microsoft Szpruch, Lukasz Professor / Programme Director The Alan Turing Institute Taylor, Neil Senior Vice President, Data & AI Strategy Mastercard Valane, Jeffrey Group Head of AI Management & Strategy HSBC Wade, David Partner, Co-Head of Global FICC Desk Strats Goldman Sachs Xu, Justin Chief Quant and AI Officer MillTech