Global Markets
The Future of Digital Finance: Regulation of Large Language Models on the Agenda
724FinanceEge Kaan
The future of digital finance is being shaped by the debate over the regulation of large language models. The UK's financial regulator, the Financial Conduct Authority (FCA), has launched a review to assess the impact of large language models on consumer financial decisions. The review warns of the potential risks of online chatbots providing financial advice and the impact this could have on the delivery of financial services.