AFB Practice Workshop: AI in Financial Services – Governance, Accountability and Regulatory Expectations

Artificial intelligence is rapidly reshaping financial services, offering unprecedented opportunities alongside complex governance and regulatory challenges. As global regulators sharpen their expectations, financial institutions must ensure that their AI strategies are responsible, transparent, and aligned with evolving standards.

AFB, in partnership with Kroll, invites members to this practice workshop that will examine the key issues to help members navigate the evolving landscape.

Why Attend?

The workshop will provide members with practical understanding of how AI governance is being undertaken in banks in the UK and internationally. Participants will learn about the regulatory expectations, the risks that matter most to banks, and the steps they can take to strengthen oversight and accountability.

Key Learning Objectives

1. Why AI Governance Matters

• Understand the current UK and global regulatory landscape
• Explore how supervisory expectations are evolving and what this means for firms

2. Common Uses of AI and Areas of Regulatory Focus

• Customer-facing applications and conduct considerations
• Risk and compliance use cases
• Internal and operational deployments

3. Regulatory Risks – What can go wrong

• Black-box models and transparency challenges
• Risks associated with systems operating at scale
• Accountability gaps and explainability requirements
• Managing third-party and vendor risks

4. Oversight, Governance and Reasonable Steps

• Building AI literacy across the organisation
• Establishing effective oversight structures and maintaining AI inventories
• Adapting testing frameworks for AI-driven systems
• Designing issue and escalation playbooks

5. Practical Takeaways

• Concrete steps to align with regulatory expectations
• Approaches to strengthen governance, documentation, and assurance

Who should attend?

This workshop is aimed at those who manage AI implementation, governance and regulatory risk at AFB banks. It will be particularly valuable for senior managers within Compliance, Legal and Risk functions.

Speaker biography

Richard Taylor – Director, Financial Services Compliance and Regulation

Richard works with clients on due diligence, risk management, operational resilience, client assets, environmental, social and governance (ESG) matters and oversight of outsourced service providers. He has over 16 years of experience in the financial services industry in a number of roles, having worked with numerous clients, including banks, asset managers, payment service providers, crypto-currency firms and peer to peer lenders.

Prior to joining Kroll, Richard worked with various asset management companies. He has worked on numerous s.166/Skilled Person (or equivalent, outside of the UK) reviews covering a wide range of issues, including, enterprise risk management, credit risk, anti-money laundering, client assets and the oversight of outsourced service providers.

Richard’s other focus areas include regulatory due diligence and operational due diligence reviews, assisting a broad range of financial services firms globally to identify sources of potential regulatory risk (typically on behalf of potential investors). Richard has also been heavily involved in advising clients on risk management frameworks, governance and compliance frameworks, and implementation of regulatory change.

Richard holds the Chartered Institute for Securities & Investment Diploma in Investment Compliance.

Please note you will receive confirmation of your booking via email within 24 hours. Should you not receive confirmation, please contact AFB to double-check if your booking was successful.

Logistics

Fee:         £275 + VAT  

Format:    In-person at Kroll, Level 6, The News Building, 3 London Bridge St, London SE1 9SG

Date:        Thursday 23 April 2026

Time:        09:00 – 11:00 (arrivals and breakfast from 08:30)   

Places:     Maximum of 22 members                   

If you would like to submit a question or have any specific areas that you would like the session to address, please send them to AFB at secretariat@foreignbanks.org.uk

You will receive details on how to join this session a week before the event.

You will only be deemed to have attended (for CPD points) if you have made yourself known at registration and attend 50% or more of the session.

Please note that the cost charged for this event is payable to AFB. Kroll is not charging AFB or members for hosting this event.  The delegate fees received for this workshop are invested in the ongoing running and administration of AFB.