By Neil Roland ( August 31, 2026, 06:00 GMT | Insight) -- Advanced artificial intelligence models pose a risk to global financial stability through their potential impact on cybersecurity, Andrew Bailey, head of the Financial Stability Board, told the Group of 20 economic powers. "The risks associated with frontier AI will not respect national borders," Bailey, who also is governor of the Bank of England, wrote in a two-page letter. "The issue is not simply that investors are borrowing more, but that leverage is interacting with high valuations and market concentration, in particular the increasing cross-investment between" AI companies and massive technology corporations. Advanced artificial intelligence models pose a risk to global financial stability through their potential impact on cybersecurity, Andrew Bailey, the governor of the Bank of England and head of the Financial Stability Board, warned the Group of 20 economic powers....
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