Bank of England's Bailey urges global standards for AI model testing

First reported by PYMNTS at · Updated · 2 sources

Andrew Bailey called for testing before and after model releases to protect public trust and financial infrastructure, according to Bloomberg, which also reports his warning of a potential AI market correction. Separately, deputy governor Sarah Breeden warned that AI-powered cyberattacks pose a systemic financial risk, according to PYMNTS.

  • Bailey warned markets were pricing every AI player as a winner, according to Bloomberg.

Covered by 2 publishers within 10 hours of the first report.

Reporting2

PYMNTS BoE Warns Banks Against AI Cybersecurity Risks · PYMNTS
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