Enterprises should report AI breaches and ‘near misses,’ says UK financial regulator

Enterprises should be required to report “significant AI failures and near-misses,” UK Financial Conduct Authority (FCA) Chief Data Officer Jessica Rusu said Monday, adding 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 consequences continue to emerge