Bank of England tells firms to prepare for frontier-AI risks
The Bank of England's Financial Policy Committee formally reiterated that frontier AI can increase cyber and operational risks and said financial firms should continue preparing for and reducing them with support from regulators, the National Cyber Security Centre and sector information-sharing groups.
Why it matters: The statement places frontier-model capability inside the central bank's financial-stability risk assessment, linking AI failures to payments, market infrastructure, banks and other critical institutions rather than treating them as isolated technology…