14 stories found
Woori Bank announced that its London trading center has received approval from UK regulators to offer derivatives products and conduct securities operations, expanding its capital markets business in London.
UK regulators are reportedly rushing to assess the potential risks associated with the latest artificial intelligence model developed by Anthropic.
The US messageboard 4Chan has been fined £520,000 by UK regulators for online safety breaches, including a £450,000 penalty for failing to implement age checks to prevent children from accessing pornography, a fine which the platform has reportedly mocked.
British regulatory bodies have issued strong recommendations to social media platforms, urging them to enhance mechanisms for protecting minors and to enforce stricter age verification to block children from their services.
Instagram, Snapchat, TikTok, YouTube and Roblox are among the platforms UK regulators say aren't putting children's safety at the heart of their products.
UK regulators are reportedly considering legal action against Premier League clubs that have sponsorship deals with crypto firms not authorized to operate in Britain.
Widespread reports about Anthropic's new Mythos AI system, capable of identifying weaknesses, have prompted global financial regulators to assess its cybersecurity risks. Canadian and UK financial leaders are convening to address vulnerabilities and warn leading banks, insurers, and exchanges.
Google is actively developing options to allow users to opt out of AI features in search, a move aimed at addressing competition concerns raised by UK regulators regarding data control and AI interactions.
UK regulators are urging social media companies including Meta, TikTok, Snap, and YouTube to implement stricter age verification and block children under 13, with warnings of hefty fines if they fail to protect children online, as the government considers barring under-16s from such platforms.
Fintech company Revolut has received full license approval from UK regulators, marking a significant milestone for its operations in the country.
Barclays is facing increased scrutiny from UK regulators concerning its Synthetic Risk Transfer (SRT) deals.
Google is reportedly developing options that would allow users to opt out of AI features in its search engine, aiming to alleviate concerns raised by UK regulators.
British regulators Ofcom and ICO have given technology giants until the end of April to enhance measures for protecting children online, including improving age verification and combating harmful algorithms.