UK FCA exec wants to require disclosure of ‘significant AI failures and near-misses’

When UK Financial Conduct Authority (FCA) Chief Data Officer Jessica Rusu gave a speech on Monday advocating that UK companies be required to report “significant AI failures and near-misses,” she added to the drumbeat of demands for some kind of regulatory control over enterprise AI deployments. But her speech also highlighted regulator frustration over futile attempts to slow down the seemingly unstoppable agentic and genAI rollouts, as reports of agent misbehavior and the lack of meaningful co