Advanced AI threatens global financial stability, says Bank of England boss
The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology. In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”. He said the models risked…
Frontier AI models with growing autonomy and threat capabilities could materially alter cyber-risk and destabilize the highly interconnected global financial system.
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- JournalismThe Guardian2026-08-31
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Truvace Impact Record TRV-2026-0929, v1: “Advanced AI threatens global financial stability, says Bank of England boss.” Truvace, 2026-08-31. /record/TRV-2026-0929 (accessed at citation time). sha256 e218aed06da826e1…
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