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2026-04-07 12:33:58
[UK Plans Standardized Testing of General AI Models Used by Banks to Counter Dependence on US Algorithms] (1) According to the Financial Times, the UK government is considering standardized testing of general artificial intelligence models used by all banks in the country. This comes after the Bank of England warned about banks’ assessment practices last year. (2) Harriet Rees, chief information officer of digital bank Starling, made the proposal to the Department for Science, Innovation and Technology last month, aiming to reduce duplication and inconsistencies in testing and ensure that US algorithms meet standards. (3) Rees said that given the UK’s reliance on US models, testing would reassure the government that it has at least reviewed these models and confirmed that they meet certain standards.
