Suade’s London RegTech Forum 2026 highlights responsible AI and the future of regulatory reporting
LONDON, 6 October 2026 – Suade held its fifth annual RegTech Forum at Guildhall in the City of London. The Forum featured speakers from the Bank of England, FCA, ECB and EBA, alongside senior representatives from financial institutions including JPMorganChase, Goldman Sachs and Standard Chartered, as well as technology leaders and regulatory experts.
Diana Paredes, co-founder and CEO of Suade, said: “The RegTech Forum 2026 once again demonstrated the importance of collaboration in shaping the future of financial regulation.”
The programme centred on one question: how can firms adopt AI in regulatory reporting while keeping people in the loop and accountable for the results? Over the course of the event, speakers set out what needs to be in place first, from shared data standards and well-engineered systems to clear human oversight and ownership of AI-assisted outputs.
The discussions highlighted a shared challenge for the industry: how to embrace innovation without compromising the accuracy, transparency and accountability that effective regulation requires.
Building the foundations for responsible AI
Opening the Forum, Sushil Saluja, Alderman at the City of London Corporation and former CIO of the Bank of England, highlighted the importance of collaboration between regulators and industry in establishing common standards and improving the quality of regulatory data.
Drawing parallels between the historic hallmarking system and the need for trusted data standards today, Saluja emphasised that technological progress must be underpinned by strong foundations.
“AI is pivotal, but we also know that AI on its own is not enough. We have to use the right tools for the job,” said Saluja.
He added: “Innovation will only be as strong as the data and the controls underneath it.”
His remarks reinforced the importance of addressing data quality and interoperability as financial institutions explore new applications for AI, while ensuring regulatory reporting remains reliable and auditable. They also underscored that better tools and data do not remove the need for people to exercise judgement and remain accountable for the results. For further context, see the Bank of England and FCA’s review of AI and machine learning in UK financial services.
Moving beyond the AI hype
In his presentation, How I Learned to Stop Worrying and Love AI, Murat Abur, Co-founder and CIO at Suade, examined the practical implications of AI for regulatory reporting.
Drawing on Suade’s experience developing regulatory reporting technology since 2014, Abur challenged the notion that AI will simply replace existing software or human expertise. He argued that AI’s potential lies instead in building on reliable, well-engineered systems that can deliver precise results in highly regulated environments. In regulatory reporting, where errors can compound across complex processes, AI must be supported by dependable tools, structured data and systems designed to make information accessible and actionable.
Murat also highlighted the importance of keeping people at the centre of technological progress. Rather than replacing human expertise, AI should act as a powerful tool to help professionals work more efficiently and productively. As he argued during his presentation, AI will need us more than we need it.
For Suade, this means developing technology that enables firms to take advantage of emerging AI capabilities while retaining flexibility over the models they use and where they deploy them. Whatever tools or models a firm chooses, responsibility for the use of AI and the resulting regulatory outputs must remain clear and firmly with the firm.
Why standardisation matters more in an AI-driven world
Closing the Forum, Lyndon Nelson, Senior Technical Expert and Visiting Scholar at the IMF, former Deputy CEO of the PRA and advisor to Suade, offered a regulatory perspective on AI adoption, human oversight and accountability.
Nelson used the analogy of containerisation to illustrate why standardisation is essential to technological progress. Just as standardised shipping containers transformed global trade, common data structures and interoperable systems can make complex regulatory reporting environments more accessible to AI. The ECB’s Banks’ Integrated Reporting Dictionary (BIRD) provides an example of collaborative work on common data models for regulatory reporting.
“Open data models, common definitions, and open interfaces matter more in an AI world, not less,” said Nelson.
He also highlighted the risks of relying on AI without meaningful human oversight, stressing that people must retain the expertise and authority to challenge automated outputs. In regulatory reporting, accountability cannot be delegated to technology. The Bank of England has also explored these challenges in its discussion of AI and financial stability.
Nelson argued that across the AI value chain - model provider, software vendor, integrator and bank - accountability can slip through the gaps. Speaking in a personal capacity and as an advisor to Suade, he said the bring-your-own-AI approach was, for now, the right one because it leaves no doubt that the bank owns the AI and so owns the whole.
“Everyone owns a part. Someone must own the whole,” he said.
A connected, trustworthy reporting ecosystem
From open data standards to AI-enabled reporting, the path forward depends on collaboration between regulators, financial institutions and technology providers. By improving the foundations of regulatory data and building systems designed for interoperability, the industry can reduce operational complexity and unlock new opportunities for innovation.
The Forum concluded with a clear message: in an AI-driven world, the future of RegTech is not simply about automating existing processes. It is about building a connected, trustworthy reporting ecosystem in which people stay in the loop, and ownership and accountability are never in doubt.
Reflecting on the event, Paredes added: “By bringing together leading voices from across financial services, regulation and technology, we explored how stronger data foundations, responsible AI and innovation can help address the industry’s evolving challenges and build a more effective future for regulatory reporting.”
About Suade
Suade has been developing regulatory reporting technology since 2014. Suade remains committed to advancing the transformation of regulatory reporting, helping financial institutions modernise through technology designed to support accuracy, efficiency and adaptability in a changing regulatory landscape.
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