Bank of England’s Bailey warns frontier AI raises cyberattack risks

Bank of England Governor Andrew Bailey warned that frontier AI models are raising cyberattack risks for financial institutions, calling for global regulatory collaboration and adaptive safeguards. The warning highlights how rapidly advancing AI capabilities could outpace existing defenses across banking and market infrastructure. Bailey’s remarks add to growing pressure on regulators to coordinate cross-border rules as AI adoption accelerates in finance. Watch for follow-up from international bodies on shared AI security standards and how firms adjust cyber resilience requirements.