FCA Boss Warns AI is Moving Faster Than The Law

finance watchdog says regulations cannot keep pace with artificial intelligence (AI). In a speech Wednesday (June 24), Financial Conduct Authority (FCA) CEO Nikhil Rathi said regulation must therefore evolve to meet the demands of AI’s use. “Technology is moving much faster than many regulatory paradigms,” Rathi said at the Agents of Change: Generative and Agentic AI in Financial Services 2026 conference.