Barclays, Lloyds, UBS Selected by Financial Conduct Authority for AI Testing Program

MT Newswires Live04-21

Barclays (BCS), Lloyds Banking Group (LYG) and UBS (UBS) have been selected by the Financial Conduct Authority to participate in a program testing artificial intelligence applications in UK financial markets, the regulator said Tuesday.

The firms will join the regulator's AI Live Testing initiative, which helps successful applicants explore questions around risk management and live monitoring to support the safe and responsible deployment of AI for consumers and markets, it said.

Testing will conclude by the end of 2026, the regulator said.

The program will explore applications ranging from agentic AI systems to neurosymbolic models that combine machine learning with structured reasoning, it said.

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