# Bank of England
Latest news and articles about Bank of England
Total: 2 articles found
The Ghost in the Machine: Bank of England Braces for AI-Driven Market Volatility
The Bank of England has launched new stress tests to evaluate the impact of AI on financial stability, focusing on algorithmic herd behavior and cybersecurity risks. While Governor Andrew Bailey warns of vulnerabilities exposed by advanced models like Anthropic’s Mythos, UK lawmakers are pressuring the Treasury to accelerate the regulation of tech giants providing critical infrastructure.
Bank of England to Model an 'AI Shock' and Weigh It in Bank Stress Tests
The Bank of England will run a scenario exercise to assess how a rapid, disruptive wave of AI adoption could trigger widespread unemployment and business failures and is considering including the findings in bank stress tests. The exercise aims to quantify credit and capital risks from a potential surge in household and corporate defaults, while forcing banks and regulators to confront difficult modelling and policy choices.