A post by @FirstSquawk on X.

Bank of England Governor Andrew Bailey said recent cyber hacks demonstrate the need to fully understand frontier AI models, according to a First Squawk tweet. The remark ties AI model risk to financial stability oversight, though the headline carried no specific figures on losses, funding or market moves. It matters because regulators are increasingly treating advanced AI as a systemic concern for banks and market infrastructure. Watch for follow-up detail on which hacks Bailey referenced and whether the BoE sets out formal expectations for model testing and disclosure.