The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen their cyber defences against increasingly capable AI systems.

Bank of England, ECB, and IMF officials have flagged that EU regulations are struggling to keep pace with the AI market and debt risks.

FRANKFURT, July 7 : The European Central Bank on Tuesday gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats, taking a more prescriptive approach…