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Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.
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The European Securities and Markets Authority (Esma) has called for the EU to migrate to a T+1 settlement cycle by October 2027, ensuring coordination with the UK.
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Goldman Sachs is in talks with potential partners as it looks to spin out its blockchain-based technology platform, GS DOS.
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UK Chancellor Rachel Reeves detailed the financial services strategy launching in March 2025, which will focus on bolstering growth, developing fintech and sustainable finance sectors.
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Bank of England's governor, Andrew Bailey stated that the UK must “rebuild relations” with the EU while respecting the decision of the British people to leave in his Mansion House speech to investors.
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