General · 31 August 2026
Bank of England governor warns G20 advanced AI threatens global finance
Office of U.S. Ambassador to U.K. via Wikimedia Commons (Public domain)
Andrew Bailey, the Bank of England's governor, has sent a letter to G20 finance ministers warning that "frontier" AI models pose a risk to the financial system. He says these models could increase cyber-disruption that spreads across countries, as many places lack proper ways to manage advanced AI. Bailey called for urgent global steps to support safe AI model release and deployment.
Reported by The Guardian · How we write briefs