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Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system
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Global — Simon Goodley
Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system
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 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”.
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 technology.
This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →
Source: The Guardian · Simon Goodley. Published 31 Aug 2026, 09:00 am.
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