ISITC TALKTIME: AI Governance in Financial Services
TalkTime Podcast (Part 1) : AI Governance in Financial Services
Practical Guidelines for Firms
Practical AI Guidance for Financial Services Leaders
Artificial intelligence is already reshaping financial services, but many firms are still asking the same critical questions: What are we using? Where is the risk? Who is accountable? In this episode of the ISITC Europe TalkTime podcast entitled AI Governance in Financial Services, Gary Wright speaks with compliance consultant Katharine Leaman about the AI Guidelines Paper she co-authored with ISITC Europe Director Ian Perham and why firms need clear, practical, cross-industry standards before AI exposure becomes unmanageable.
Episode Overview
The first episode of this podcast explores the fast-moving AI regulatory landscape and the practical challenges facing firms of all sizes. Katharine explains why the guidelines were created, how they help non-specialists understand AI obligations, and why the first step for any organisation is knowing exactly where and how AI is already being used.
What You’ll Learn
The conversation gives listeners a practical framework for thinking about AI governance, vendor oversight, data protection, hallucination risk, and accountability under existing rules such as SMCR, GDPR, and broader regulatory expectations.
- Why AI guidance is urgently needed as firms face a surge of regulatory updates and industry expectations.
- How smaller firms can approach AI risk without needing the resources of major institutions.
- Why AI adoption is also a vendor-risk issue when firms rely on external tools and third-party platforms.
- How data leakage can happen when staff use personal AI accounts or unapproved tools.
- Why AI cannot replace regulatory judgement and should not be relied on to interpret rulebooks without expert review.
Who This For
This episode is ideal for compliance leaders, operations teams, risk professionals, vendor management teams, senior managers, technology decision-makers, and financial services firms looking for a clearer way to assess AI use across the business.
Why Listen Now?
AI is moving faster than many governance frameworks can keep up with. Katharine highlights that regulatory bodies may expect firms to apply existing obligations to AI rather than wait for a single new AI law. That makes internal visibility, documentation, governance forums, and risk ownership more important than ever.
Viewing time: 19 mins
Part 2 – Continues the discussion and will be published next week.
Katharine Leaman
Katharine set-up Leaman Crellin to offer expert, tailored solutions to help clients navigate complex regulatory landscapes and achieve compliance with ease. Providing practical and expert service from in-depth consultancy to training and ready to purchase products, Leaman Crellin clients range from SME’s to FTSE 100’s.
Katharine supports c-suite clients and front office trading teams around the world, as well as offering strategic support to clients and the Leaman Crellin team through her CEO role.
One of her passions is supporting smaller financial services firms who need to be across a broad range of regulations to a technical depth but often lack the time and resourcing to implement.
Katharine is a regular public speaker at industry and trade events and facilitates a number of trade association training events and panel discussions.
Katharine is also Vice president of the ACI UK
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