Story perspectives
Bailey Warns Rogue AI Could Threaten Payments, Calls Testing
By Drooid · · How we work
1 of 1
Story summary
- Bank of England Governor Andrew Bailey said authorities must keep the right to intervene in the AI industry.
- Large AI firms borrowed $450 bn (£339 bn) Jan-Sept 2026 outpacing $333 bn UK gilts and widening capital-market exposure, FPC noted on 25 September.
- Bailey warned rogue AI could threaten payments and said rigorous testing is needed to find credible intervention points.