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Emily Lemaire

Emily Lemaire is an associate in Covington’s financial services practice in London. She advises clients, whether emerging or established, on complex regulatory issues relating to financial services provided both domestically and on a cross-border basis.

Emily has experience advising a broad spectrum of clients in the industry, including retail, investment and corporate banks, asset managers, consumer finance providers, payment and e-money institutions, retail brokers and cryptoasset service providers.

In 2021, Emily was seconded to Goldman Sachs International Bank to support the Consumer Digital Finance Team in the operation of the firm’s UK digital and consumer business, Marcus by Goldman Sachs.

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Artificial intelligence (“AI”) continues to reshape the UK financial services landscape in 2026, with consumers increasingly relying on AI-driven tools for financial guidance and firms deploying more autonomous systems across their businesses.

The Financial Conduct Authority (“FCA”), Prudential Regulation Authority (“PRA”) and Bank of England (“BoE”) (together “the Regulators”) have consistently signalled that AI will be overseen through existing regulatory frameworks, rather than through bespoke AI-specific rules. At the same time, political scrutiny is intensifying, supervisory expectations are rising, and the Regulators are investing heavily in sandbox initiatives and long-term reviews to test whether those frameworks remain fit for purpose.

This article explores the latest policy signals, supervisory initiatives and regulatory tools shaping the UK’s evolving approach to AI in financial services.Continue Reading UK Financial Services Regulators’ Approach to Artificial Intelligence in 2026