Bank of England's Breeden signals new rules to govern agentic AI

Short summary

Bank of England Deputy Governor Sarah Breeden announced plans for new regulatory frameworks to govern agentic AI, specifically addressing autonomous payments and trading systems that have exposed gaps in current oversight. The central bank previously maintained existing frameworks were sufficient but now acknowledges the need for more sophisticated regulatory responses. This signals potential upcoming restrictions or requirements for AI systems operating in financial services.

• •BoE signals new regulatory framework for agentic AI systems
• •Gaps exposed in autonomous payments and trading oversight
• •Existing frameworks deemed insufficient for managing autonomous AI risk

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