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We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss

The Guardian UK Wednesday 30 September 2026, 10:41 UTC By Kalyeena Makortoff Banking correspondent 1 min read
Key Points

Andrew Bailey’s comments come as fears grow that rogue models could take financial system hostageBusiness live – latest updatesThe governor of the Bank of England has said authorities must retain the “right to intervene” in the AI industry amid growing fears that rogue models could take the financial system hostage. Andrew Bailey said the risks posed by the rapid advancement of frontier AI models – a number of which have gone rogue in recent months – were “real and increasingly significant”...

Andrew Bailey’s comments come as fears grow that rogue models could take financial system hostage

The governor of the Bank of England has said authorities must retain the “right to intervene” in the AI industry amid growing fears that rogue models could take the financial system hostage.

Andrew Bailey said the risks posed by the rapid advancement of frontier AI models – a number of which have gone rogue in recent months – were “real and increasingly significant” and reduced the ability of society to supervise and intervene when things went wrong.

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AI (ORG) Bank of England (ORG) Andrew Bailey (PERSON) the Bank of England (ORG)
Originally published by The Guardian UK Read original →

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