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The Bank and the PRA’s response to HMT, DSIT and DBT on AI in financial services
Letter from Sarah Breeden and Sam Woods to the Chancellor and Secretaries of State
Published on
01 April 2026
This letter is published in response to a letter of 28 January 2026 on AI-driven innovation from the Chancellor of the Exchequer, the Secretary of State for Science, Innovation and Technology, and the Secretary of State for Business and Trade.
Letter from Sarah Breeden and Sam Woods to the Chancellor and Secretaries of State