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2026-06-30T17:15:00.000Z

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Bank of England official warns AI outpacing rules

Bank of England official warns AI outpacing rules

The Deputy Governor of the Bank of England for Financial Stability warned that the rapid development of artificial intelligence is surpassing current regulatory frameworks, which could threaten the financial system and necessitate the development of more advanced laws to monitor risks. She pointed out that autonomous systems relying on artificial intelligence reveal regulatory gaps and that reliance on human intervention alone is no longer sufficient to ensure financial security.

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