Summary

The 14th annual edition of City Week will be held in-person in Central London, and also streamed live on our media channels, over two days between 20-21 May 2024. As in previous years, CW2024 is being organised in partnership with the UK Government, the City of London Corporation, TheCityUK, UK Finance and leading City institutions.

City Week brings together more than 1,000 top-level senior decision-makers from UK and overseas financial institutions for a comprehensive programme of cutting-edge presentations, panel discussions, social events and networking. Like previous editions, this year’s forum will feature many well-known names from the global financial services industry, the world of politics and the international regulatory community.

At the core of City Week are four separate summits (see below), which reflect the boardroom agenda of leading financial institutions from across the world.

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  • Travers Smith

The FCA and Bank of England's "strategic approach"

On 22 April 2024, the Financial Conduct Authority (FCA) and the Bank of England (including the Prudential Regulation Authority (PRA), together the Bank) published updates on their approach to artificial intelligence (AI). The FCA's update is available here and the Bank's update is available here.

  • Travers Smith

Artificial intelligence: what role for data protection?

Data is often described as AI's "lifeblood" but there's widespread concern about personal data being unlawfully exploited or processed using AI tools. While the future approach to regulation of AI is still being heavily debated, existing data protection legislation, such as the GDPR and its UK equivalent, is likely to play an influential role – not least because regulators already have powers which they can use to oversee the new technology.  In this briefing, we look at how big a role data protection can play in regulating AI and what lessons it may have for other areas. We also discuss how regulators in the UK and EU are responding and what businesses need to do to comply if they are considering the use of AI tools to handle personal data.

  • Travers Smith

"I think the potential of AI is huge and very exciting"

Cross-border payments actually is one of the big focus areas at the moment in fintech and for good reason. If we actually take a step back, I think there are probably several factors at play here. So firstly, obviously the inefficiencies, or frictions as they like to be called, in the existing cross-border payments infrastructure are well known.

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