Blog.
The Mills Review is here: ‘in the loop’ is no longer enough
The FCA’s Mills Review, published this morning, leaves the rulebook unchanged, and sharply raises the bar on evidence. Firms must now show what their human oversight actually involves: what reviewers saw, when they could intervene, and how challenge was recorded.
The FCA’s quiet shift from monitoring AI to regulating it
Three developments in early 2026 signal that the FCA is moving from observation to action on AI in financial services. Parliament has criticised the wait-and-see approach, the Mills Review will report by summer, and the first AI-specific rules are already live.
Why immutable records matter for AI-assisted advice
As firms adopt AI to draft suitability reports and recommendations, the question is no longer whether the advice is good, it is whether you can prove it was properly overseen. Immutable, hash-chained records are the foundation of that proof.
Consumer Duty and AI: what the FCA expects
The FCA has made clear that firms remain fully accountable for AI-generated advice under Consumer Duty. We break down what that means in practice and how Bedrock helps firms meet their obligations.