In a letter to G20 finance ministers and central bank governors ahead of meetings this week, Bailey, who also serves as the Bank of England governor, said many countries do not have systems in place to manage the deployment of advanced artificial intelligence models.

Andrew Bailey warns G20 members about risk of cyber-disruption spreading ‘across jurisdictions’

LONDON, Aug 31 : Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system,…