Bank of England Governor warns that advanced AI could destabilize the highly interconnected global financial system via cyber disruption across jurisdictions (Simon Goodley/The Guardian)

Bank of England Governor Andrew Bailey warned that the rapid deployment of advanced artificial-intelligence systems poses a systemic risk to the highly interconnected global financial network, as AI-driven cyber attacks could breach defenses across multiple jurisdictions. He urged regulators and market participants to strengthen coordination and resilience to prevent destabilising disruptions.