BoE Governor Bailey warns frontier AI could destabilize global finance via cyber-disruptions
nordicinst · x · 2026-08-31
Bank of England Governor Andrew Bailey warned G20 finance ministers and central bank governors that increasingly autonomous "frontier" AI models pose risks to the highly interconnected global financial system. In a letter, Bailey highlighted the potential for cyber-disruptions to spread across jurisdictions, noting that many regions lack protocols to manage the development and deployment of advanced AI, thereby heightening risks for the financial sector.
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