aceWe need ‘right to intervene’ in AI amid growing threat, says Bank of England boss
The governor of the Bank of England has called for the “right to intervene” in the AI industry amid growing fears that rogue models could take the financial system hostage. Andrew Bailey said the risks posed by frontier AI models – a number of which have gone rogue in recent months – were “real and increasingly significant”. Meanwhile, it was becoming harder for the public to have proper oversight of powerful AI models that were “functioning within a self-reinforcing loop”. That is putting financial stability at…
The Bank of England says frontier AI models are harder to oversee and raise cyber threats to payments and trading, while AI-related borrowing is tying capital markets to unprofitable AI firms.
Bailey's proposals are preliminary: authorities have yet to work out why and where they might need to intervene, and he stopped short of calling for regulation.
Evidence
- JournalismThe Guardian2026-09-30
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Truvace Impact Record TRV-2026-1509, v1: “We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss.” Truvace, 2026-10-16. /record/TRV-2026-1509 (accessed at citation time). sha256 632c10ca0e87aacf…
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