Why the FSB Identified AI-Related Cyber Risks as the Top Concern for Financial Stability
The focus of warnings that AI could destabilize the financial system is shifting from investment mania to cyber resilience. The Financial Stability Board (FSB), an international financial regulatory body, has identified the potential for cutting-edge AI to alter the speed, scale, and cost structure of cyberattacks as the most urgent issue the financial sector must address. Andrew Bailey, Chair of the FSB and Governor of the Bank of England, sent a message ahead of the G20 meeting of finance ministers and central bank governors, I raised this issue in a letter. Financial company





