( September 30, 2026, 11:45 GMT | Official Statement) -- MLex Summary: Frontier AI models should be tested before and after deployment to identify where failures could occur and how society could intervene, but AI regulation is not "the right place to start", Bank of England Governor Andrew Bailey said Wednesday. Policymakers should establish credible points of intervention before designing new regulations, he said in the post on the central bank's website. A more formal regulatory framework for AI "may well emerge over time," he said, but "understanding, testing and establishing credible points of intervention must come first."Statement follows....
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