Eversheds Sutherland’s Charlotte Walker-Osborn reveals finance firms are ill-prepared for vast new AI rules and why that could cost them

Today’s guest outlines the vast compliance challenges that financial services companies with a European presence must tackle to ready themselves for the world’s first far-reaching set of rules specifically targeting the development and use of artificial intelligence. She warns that more than 80% of finance firms polled are currently ill-equipped to meet a number of the key requirements of the impending European rules. She explains why EU regulators will come down hard on those who are caught out when the rules come into effect and why – and when - the UK could seek to follow the European approach.

 

Charlotte Walker-Osborn has spent 24 years advising both suppliers and customers, including a number of banks and insurance firms, on their development, procurement, deployment and use of technology and for the past 5 or so years AI. Since 2017, she has led the artificial intelligence and technology sector at law-firm Eversheds Sutherland as its international head.