Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the use of artificial intelligence by the Financial Conduct Authority to support the handling of supervisory cases.

The FCA is operationally independent of government, and as such the government has not made an assessment of its use of artificial intelligence (AI). The FCA is accountable to the government and Parliament for the exercise of its functions.

The government is committed to the safe and responsible adoption of AI across the economy, and welcomes regulators considering how they can use AI in a way that improves efficiency, while keeping human judgement central to decision-making.