Principles-Based Regulation (PBR) has become one of the most important approaches in financial services and beyond. Instead of relying on long lists of prescriptive rules, it sets out broad principles that guide behaviour, encourage accountability, and focus on outcomes. In the UK, this model has existed for decades but gained new momentum after the 2008 financial crisis. Regulators argued that detailed rules encouraged a “tick-box” culture, where firms focused on followin

In today's data-driven world, governments are increasingly turning to artificial intelligence (AI) to improve their policy-making processes. With millions affected by policy decisions, the need for data analysis is more important than ever. AI can analyze vast amounts of information quickly, identifying patterns and insights that lead to smart, effective policies. This post discusses how AI can be a valuable ally in drafting government policies through data analysis and insig

How can AI help governments to maximise the value of Artificial Intelligence?