Advanced AI threatens global financial stability, says Bank of England boss

Bank of England governor Andrew Bailey, chair of the international Financial Stability Board, warned G20 finance ministers and central bank governors in a letter that frontier AI models pose a threat to global financial stability due to their increasingly sophisticated autonomy, problem-solving abilities, and threat capabilities, including the risk of cyber-disruption spreading across jurisdictions.

Advanced AI threatens global financial stability, says Bank of England boss By Simon GoodleySource: The Guardian Technology https://www.theguardian.com/us/technology Andrew Bailey warns G20 members about risk of cyber-disruption spreading ‘across jurisdictions’ 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 /glossary/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”. Continue reading... https://www.theguardian.com/business/2026/aug/31/advanced-frontier-ai-financial-stability-andrew-bailey-g20 Get AI news in your inbox Daily digest of what matters in AI.