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AI faces closer scrutiny from Bank of England over risks to financial stability

( April 9, 2025, 10:16 GMT | Official Statement) -- MLex Summary: The use of artificial intelligence has come under closer scrutiny from the Bank of England's Financial Policy Committee, which leads the work on financial stability. In a report issued today, the committee said it is monitoring its benefits and risks as there is a "high degree of uncertainty" about its specific future impact on the financial services sector. The committee said it "intends to build out its monitoring approach to enable it to track the development of AI-related risks to financial stability."Report is attached....

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