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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539

Angelika Hellweger assesses the Labour Party’s approach to Innovation and Financial Regulation

Author: Dr. Angelika Hellweger  14 June 2024

Posted in : Regulated Professionals .

Angelika Hellweger was asked by Law360 for her thoughts on the Labour Party’s plans for financial regulation and new technologies if it forms the next government.

Labour has suggested there would be a new era of more flexible regulation, with new demands placed on the Financial Conduct Authority and the Prudential Regulation Authority and the creation of a regulatory innovation office to deal with new technologies, including AI.

Angelika outlined possible concerns about the proposed approach.

She said: "If every regulator assesses the AI-related risks itself, there is a chance of enforcement not being consistent over the different industries and sectors regulated by various bodies. And there is also the issue of regulators lacking resources to do this, anyway,’’

The full article can be read here (subscription required).

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Dr. Angelika Hellweger

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Angelika is a specialist in international, high-level economic crime investigations and large-scale commercial disputes. She has widely-recognised expertise in representing corporates and conglomerates in Europe, the Middle East, Africa and United States.

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