Britain needs 'AI stress tests' for financial services, lawmakers say

By Phoebe Seers LONDON, Jan 20 (Reuters) - Britain’s financial watchdogs are not doing enough to stop AI from harming consumers or destabilising markets, a group of lawmakers said on Tuesday, urging ​regulators to move away from a "wait and see" approach as the technology is deployed widely. The Financial ‌Conduct Authority and the Bank of England should start running AI‑specific stress tests to help firms prepare for market shocks triggered ‌by automated systems, the Treasury Committee said in a report ...