Embedding Consumer Duty in an AI governance framework
ArticleThe Mills Review predicts widespread autonomous AI by 2030, with implications for Consumer Duty and the need for a robust AI governance framework.
By: Irina Velkova
01 Jul 2022 48 min listen
Financial services' role in driving climate change action now includes delivering the ESG agenda. Biodiversity is another environmental risk and increasing focus for sustainable investing, and regulators are likely to increase regulation and reporting requirements in this area, putting pressure on firms to assess the impact of their actions on nature. But, it also brings opportunities.
In this episode our regular host Irina Velkova is joined by Amanda O'Toole, Senior Portfolio Manager at AXA Investment Management and Equity, and Dr Simon Zadek, Chair of Finance for Biodiversity, to discuss the challenges and opportunities that biodiversity brings to the financial services industry.
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The Mills Review predicts widespread autonomous AI by 2030, with implications for Consumer Duty and the need for a robust AI governance framework.
The FCA's published its Consumer Duty review of good and poor practices in outcomes monitoring. We explore how general insurance firms can improve practices.
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