Leading AI provider Anthropic is to support the second tranche of firms entering the FCA's 'Supercharged Sandbox' testing programme after the regulator signed a deal with the company.

The FCA is to reduce or remove regulatory returns for 95% of regulated firms, it said today.

The FCA is planning to axe at least three regular reporting requirements for 16,000 regulated firms in an effort to reduce red tape and boost growth.