The Governor of the Bank of England, Andrew Bailey, warned that the AI boom could trigger a major crisis in the global financial system. His statements come in a context of growing concern about the impact of technology on markets and global economic stability.
According to Bailey, the most immediate concern for the financial system is the cybersecurity risks associated with artificial intelligence. The ability of AI to alter the speed of financial processes and transactions raises questions about the vulnerability of financial infrastructures to attacks and manipulations.
The head of the British central bank emphasized the need for constant vigilance regarding technological developments, suggesting that the rapid adoption of AI without adequate regulation could represent significant threats to the stability of the financial system.
