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#Bank of England

3 stories taggedBank of England.

Illustration: the Bank of England building in the City of London, shot from directly above at midday
Policy

Bank of England boss warns advanced AI could crash the global financial system

Andrew Bailey sent a two-page letter to finance ministers worldwide saying the most powerful AI systems are developing dangerous capabilities that could ripple across every country's economy.

3 min read
Illustration: a cybersecurity award ceremony setting, with abstract digital elements symbolizing cybersecurity
Policy

Bank of England Governor Warns AI Threats Need Global Teamwork, Not Just US Action

Andrew Bailey says no single country can handle the risks of powerful AI models alone, days after the Trump administration blocked foreigners from accessing one of the most advanced AI tools on the market.

2 min read
Illustration: A grand neoclassical stone building facade, the kind associated with central banking
Policy

Bank of England gains power to regulate Amazon and Google cloud services from Monday

New rules mean the UK's central bank can directly oversee the tech companies that keep British banking running, cutting the risk of outages that could freeze millions of accounts.

3 min read
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