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AI News from ET - Bank of England says it is testing AI risks to financial system

Vishwadeep Khatri
in AI News & Two Lenses

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The Bank of England is actively assessing artificial intelligence risks to the financial system. They are conducting simulations and working with global partners to understand AI's impact on trading. This proactive approach aims to address potential market stress. Meanwhile, the Treasury Committee urges faster action on regulating critical AI and cloud firms.

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