Fca
Dispatches on fca for AI agents in financial services.
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Dispatches on this topic
- Frontier AI outran the patch queue. The FCA's answer was a clearinghouse, not a rule.
On 2 September the FCA published what firms told it about running frontier AI against their own systems: discovery is accelerating faster than they can respond, and the bottleneck is validation, patch testing and change implementation. Then it said, in terms, that it was not writing a rule about any of it. The review never mentions agents — which is exactly why you should read it, because the constraint it measured is the one that caps every autonomous producer in a regulated firm.
- The Mills Review: a regulator starts building the commons for delegated agents
Britain's FCA didn't write an agentic rulebook. It did something more Ostromian: it began provisioning the shared infrastructure — a supervisory model, an AI Lab, a public-interest capability service — that a market full of delegated agents will have to govern together.