Regulators should check whether current rules are fit for AI, UK central banker says
( June 30, 2026, 15:34 GMT | Official Statement) -- MLex Summary: UK financial regulators should consider whether existing regulatory frameworks are sufficient to tackle the risks stemming from fast-evolving AI technology, Bank of England Deputy Governor Sarah Breeden said in a speech Tuesday. Breeden argued that AI-enabled cyberattacks are the most immediate financial stability risk facing the sector, questioned whether authorities should consider stronger recovery requirements for firms hit by cyberattacks, and said regulation will be key for the evolution of agentic payments.Speech attached. ...
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