Speeches by Dean.

“If a technology was developed that allowed you to do that at scale, you think that would be a step too far?”

“It would have to be explicit permission you think?”

“To take a specific example, do you think that insurance companies—health insurance companies, for example—should be able to see things like your Apple health data on your phone, in a safe, secure, anonymised way perhaps? Should they be able to tailor insurance policies down to that personalised level of data?”

“Then to you, Mr Otudeko. The scope for this in the insurance industry is quite huge. We have read stuff about how you could tailor insurance policies down to areas that have more 20 mph roads, for instance, if you had access to that data, and all kinds of other characteristics based on customers. Do you feel the existi…”

“Do you think existing legislation is holding back the adoption of certain uses of this technology, from your impression so far?”

“The discussion before takes my mind back to a discussion we had with the FCI last week. One of the things they highlighted was the lack of co-operation from some of the tech giants, Meta in particular. It takes me back a bit further in our discussions today about third party providers. I know you have said there is not…”

“I accept that is where the technology is now. I guess that is why I mentioned a ruthless acquisition strategy. We are not just talking about social media. The likes of Alphabet, Meta, and Apple are all going to want to buy whatever they anticipate is going to be the best technology in this field and I wonder if that is…”

“If I could just challenge slightly, I feel that in much of our discussion so far today, the response from the panel in general has been, “We are coping well with the emerging new technology. Most of it is not new. The regulation is there. We are adapting. We are moving with the times.” But when we come to this conversa…”

“Are any of the platforms being proactive? Are any of them starting to develop technologies to monitor and track this, or are they all just responding to your requests?”

“You are not seeing a decline in their efforts.”

“To come back to the tech platforms, you said something earlier about trying to get them to move since around 2019. They have a responsibility not to host illegal content, so how responsive have they been to date?”

“Do you see differences between platform types or particular organisations? You have more traditional social media networks like Meta, which includes Facebook and Instagram, and X. You then have the search engines like Google and Bing. You also have what are more like forums, including Reddit and maybe Telegram to an ex…”

“What about other platforms?”

“They are more responsive than Meta. Why do you think it takes Meta six weeks?”

“But you don’t think it is good enough is what I am sensing.”

“Finally, you said, “since 2019”. Have you noticed any differences in how they respond to your requests? I say that because they have publicly talked about reining in their moderation attempts on harmful content more broadly. After Trump’s election, Meta talked about how it will be stepping back. Elon Musk famously said…”

“I speak on behalf of my party when I say that we join everybody in supporting this order, which will provide communities the opportunity to celebrate in many different ways across the country. Whether it be street parties, private gatherings or, indeed, going down the pub, people will want to mark the occasion in their…”

“My final question is about the distinction with the FCA, which you commented on a minute ago. Is the stuff about choking off investment, the blockers and the deregulatory drive aimed at other regulators? Is it the FCA that they are talking about? Is the PRA not really in scope of this massive deregulatory drive, becaus…”

“I am trying to work out just how expansive reforms to financial regulation might be. I sense a mismatch between what I am hearing from you today and what I have seen in your statements in the past, and what the Government have been saying. You will know that the Chancellor said in her Mansion House speech that she thin…”

“Focusing on third-party dependencies in particular, I am sure that it already exists in the sector, where people are particularly reliant on a piece of software or hardware and so on, but it is well documented that there are a handful of large tech companies dominating this at the moment, some from countries that we re…”