Dr Henrike Mueller is a Manager in Advanced Analytics at the UK Financial Conduct Authority (FCA). Henrike is leading the FCA’s external work on artificial intelligence (AI). She is a co-author of a number of FCA publications on AI, including the AI Update, AI Discussion Paper, Feedback Statement on AI, AI surveys, the AIPPF report and a number of blogs including contributing to the work of the AI Working Group of the International Organization of Securities Commissions (IOSCO). Her experience at the FCA covers financial stability as well as international affairs. She has a PhD in European Affairs from the University of Sussex.
Roundtable Room 2 (Level 2)
Open
The EU AI Act with its pioneering risk-based approach, sets a precedent for regulating AI by categorising applications based on their potential risks to individuals and society. By establishing clear guidelines for high-risk AI systems whilst imposing outright bans on some risks like social scoring, the Act seeks to balance ethics with AI development. However, stringent regulations risk presents some trade-offs, like having high compliance burdens for SMEs and startups, which can stifle innovation, pushing talent and investment to more business-friendly AI regions, and limiting Europe’s AI leadership.