Following years of insistence that existing frameworks were sufficient to mitigate AI risks, Deputy Governor Sarah Breeden said rapid developments in areas like agentic payments and trading had exposed potential gaps that could require a more sophisticated regulatory response. Agentic AI can make decisions and operate autonomously.

Bank of England deputy governor Sarah Breeden warns autonomous AI agents could cause market herding and systemic risk, signaling stricter regulation ahead.

LONDON, June 30 : The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic…