Select Committee · Treasury Committee
AI in financial services
Status: Closed
Opened: 3 Feb 2025
Closed: 30 Apr 2026
1 report
The Committee is inquiring into how the UK financial services can take advantage of the opportunities in AI while mitigating any threats to financial stability and safeguarding financial consumers, particularly vulnerable consumers. Read the call for evidence to find out more about this inquiry.
Reports
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| 15th Report – Artificial intelligence in financial services | HC 684 | 20 Jan 2026 | 0 | Responded |
Oral evidence sessions
| Date | Witnesses | |
|---|---|---|
| 4 Nov 2025 | Catherine McCloskey · HM Treasury, James Fairburn · HM Treasury, Lucy Rigby KC · HM Treasury, Lucy Rigby KC MP · HM Treasury | View ↗ |
| 15 Oct 2025 | David Geale · Payment Systems Regulator, Jessica Rusu · Financial Conduct Authority, Jonathan Hall · Independent Reviewer of Terrorism Legislation, Tom Mutton · Bank of England | View ↗ |
| 24 Jun 2025 | Professor Galina Andreeva · Societal Aspects of Credit, Professor Neil Lawrence · University of Cambridge, Professor Sandra Wachter · University of Oxford | View ↗ |
| 7 May 2025 | Amandeep Luther · Association of Financial Markets in Europe (AFME), David Otudeko · Association of British Insurers (ABI), Jana Mackintosh · UK Finance | View ↗ |
Who gave evidence
| Witness | Organisation | Sessions |
|---|---|---|
| Amandeep Luther · Artificial Intelligence lead | Association of Financial Markets in Europe (AFME) | 1 |
| Catherine McCloskey · Deputy Director Financial Services Strategy | HM Treasury | 1 |
| David Geale · Managing Director | Payment Systems Regulator | 1 |
| David Otudeko · Director of Regulation | Association of British Insurers (ABI) | 1 |
| James Fairburn · Deputy Director Financial Stability Strategy and … | HM Treasury | 1 |
| Jana Mackintosh · Managing Director, Payments and Innovation | UK Finance | 1 |
| Jessica Rusu · Chief Data, Information and Intelligence Officer | Financial Conduct Authority | 1 |
| Jonathan Hall · Independent Reviewer of Terrorism Legislation | Independent Reviewer of Terrorism Legislation | 1 |
| Lucy Rigby KC · Economic Secretary to the Treasury | HM Treasury | 1 |
| Lucy Rigby KC MP · Economic Secretary to the Treasury | HM Treasury | 1 |
| Professor Galina Andreeva · Personal Chair | Societal Aspects of Credit | 1 |
| Professor Neil Lawrence · DeepMind Professor of Machine Learning | University of Cambridge | 1 |
| Professor Sandra Wachter · Professor of Technology and Regulation | University of Oxford | 1 |
| Tom Mutton · Director of Central Bank Digital Currency | Bank of England | 1 |
Correspondence
| Date | Direction | Title |
|---|---|---|
| 24 Mar 2026 | — | Correspondence from the Bank of England on its response to the Artificial intel… |
| 18 Nov 2025 | — | Correspondence from the Chair to the Economic Secretary to the Treasury, dated … |
| 18 Nov 2025 | — | Correspondence from the Economic Secretary to the Treasury to the Chair, in res… |
| 4 Nov 2025 | — | Correspondence from the Economic Secretary to the Treasury to the Chair of the … |
| 20 Oct 2025 | — | Correspondence from the Chair to the Economic Secretary to the Treasury, dated … |
| 9 Oct 2025 | — | Responses from AI providers to the Treasury Committee, dated 9 October 2025 |
| 17 Sep 2025 | — | Letters to AI providers, dated 17 September 2025 |
Meetings & visits
| Date | Type | Detail | |
|---|---|---|---|
| 14 Jan 2026 | Formal meeting (private meeting) | Report agreement: AI in Financial Services · The Wilson Room, Portcullis House |