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Megan Evers

Megan Evers is an associate in the firm's Financial Services Regulation Group in London. She advises financial institutions, corporates, technology companies, and payment firms on a broad spectrum of financial services regulatory issues.

Megan advises clients on, amongst others, corporate governance, individual accountability (SMCR), conduct and culture (including non-financial misconduct), market abuse, whistleblowing, FSMA perimeter, and the EU’s Digital Operational Resilience Act (DORA).

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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