Global financial watchdog raises concerns over frontier AI models
( June 2, 2026, 08:36 GMT | Official Statement) -- MLex Summary: Powerful frontier AI models are posing concerns to financial regulators and market participants as they may sharply increase cyber risks, the Financial Stability Board has said. Patching efforts were important, but may add to problems if rushed or poorly executed, the global standard-setter said following a meeting on Monday. It said it would publish a report on sound practices for AI adoption for consultation in the coming weeks, followed by a final report in October. The FSB said the other new development that had complicated the risk landscape was the conflict in the Middle East. Statement follows....
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