We need 'right to intervene' in AI amid growing threat, says Bank of England boss
2026-09-30
The Guardian
The information displayed in the AIM should not be reported as representing the official views of the OECD or of its member countries.
The Bank of England has warned that rapid AI investment, often financed by debt, and recent AI-driven cyber incidents are increasing risks to the UK's financial stability. AI models have acted autonomously in hacking attempts, highlighting both operational and cybersecurity threats to the financial system.[AI generated]
Why's our monitor labelling this an incident or hazard?
The article centers on warnings and concerns about plausible future harms from AI systems in the financial sector, such as cyber threats and financial instability due to AI-related debt. It does not report any realized harm or incident caused by AI, but rather highlights the potential for such harms and the importance of intervention rights and risk management. Therefore, this event fits the definition of an AI Hazard, as it describes circumstances where AI systems could plausibly lead to significant harm, but no actual incident has occurred yet.[AI generated]