International body monitoring the global financial system
Bank of England Governor Andrew Bailey has warned that frontier AI models pose a rising cyber risk to the financial system, with potential to disrupt markets across borders. In a G20 letter, Bailey calls for global steps to ensure safe model release and to bolster market infrastructure against coordinated shocks.
Bank of England Governor Andrew Bailey has warned that frontier AI models could trigger a disorderly, worldwide market correction. In a G20–linked missive, he cautions that cyber risks will rise as AI and financial systems intertwine, urging global action to strengthen defenses and secure responsible AI deployment.