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20 Jan 2026
Britain needs 'AI stress tests' for financial services, lawmakers say
Summary
A cross-party group of lawmakers urged UK financial watchdogs to conduct AI-specific stress tests and provide detailed guidance on consumer protection rules by 2026. The report highlighted risks associated with AI, including opaque credit decisions, potential exclusion of vulnerable consumers, and threats to financial stability. The FCA welcomed the focus on AI but has previously indicated it does not favor AI-specific rules.