Whether it be advancing cyber capabilities or overstretched valuations, AI poses a major risk for the global economy, the ...

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system ...

Britain’s homeowners have suffered what is thought to be the biggest increase in mortgage rates in the rich world since the ...

Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global ...

The governor of the Bank of England made the comments after turmoil on bond markets this week saw UK borrowing costs pushed ...

In a message addressed to G20 finance ministers who are currently gathered in North Carolina, USA, Andrew Bailey stated that ...

Bank of England governor Andrew Bailey warned G20 leaders that frontier AI models threaten global financial stability, urging ...

Andrew Bailey, Bank of England governor, joins 'Squawk on the Street' to discuss why Bailey is comfortable leaving rates where they are, the central bank's rate path and much more. Got a confidential ...

LONDON, June 30 (Reuters) - The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic systems, in a ...

AI could cause global economic downturn, Bank of England governor warns - Andrew Bailey said that a ‘future market correction’ could spread across the world if the AI bubble bursts, in a letter to G20 ...

Artificial intelligence could cause a worldwide economic downturn, the governor of the Bank of England has warned.