Financial service firms in the UK have requested further guidance on how to interpret government regulation with regard to the use of machine learning , according to a survey conducted during 2019 by the Financial Services Authority ( FCA ) and Bank of England ( BoE ) . Firms do n't see regulation , however , as something holding back the use of machine learning . Additionally , companies believe machine learning usage does n't create additional business risks , though it does amplify those risks . Although the survey findings cannot be considered to be statistically representative of the entire UK financial system, they do provide interesting insights. The FCA and BoE have announced plans to form a public - private group to explore some of the questions uncovered by the survey .
Financial service firms in the UK have requested further guidance on how to interpret government regulation with regard to the use of machine learning , according to a survey conducted during 2019 by the Financial Services Authority ( FCA ) and Bank of England ( BoE ) . Firms do n't see regulation , however , as something holding back the use of machine learning . Additionally , companies believe machine learning usage does n't create additional business risks , though it does amplify those risks . The FCA and BoE have announced plans to form a public - private group to explore some of the questions uncovered by the survey .