Dr. Angelika Hellweger | 5 July 2024
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Law360 asked Angelika Hellweger about the financial services challenges the new Labour government will face.
With Labour developing its AI strategy and aiming to use regulation to help finance firms use technology to boost growth, Angelika emphasised the need to also ensure consumer protection.
She explained that Labour could achieve this by introducing rules that balance innovation with safeguarding consumers.
"Most probably, standards will be introduced that are in fairly close alignment with the AI legislation in Europe and produced by international bodies," she added.
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