Regulation
Leasehold building-insurance fee rules are due from 1 November 2027
The government said five sets of regulations are being laid in Parliament on 12 November, subject to approval.
Topic
Regulation
AI
Bank of England and FCA survey finds 93% of responding insurers use AI
Insurers run a median of 18 AI systems in production, against 22 at UK banks and 43 at international banks.
AI
FCA lists relying on untested AI vendor assurances as poor practice
Its examples also show firms keeping a central inventory of AI agents and avoiding dependence on a single model provider.
Regulation
FCA says senior managers are accountable for their firms' AI
The regulator published examples of good and poor practice, including insurance claims cases, on 19 October.
Regulation
FSB finalises 12 sound practices for AI at financial institutions
The board, chaired by Andrew Bailey, urged financial firms' boards to reference the practices after a June consultation.
Regulation
EU publishes EN 18286, the first harmonised standard under the AI Act
Following the standard gives providers of high-risk AI, including life and health pricing models, a presumption of conformity.
