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The Independent UK

Business

Henry Saker-Clark

Bank watchdog boss says ‘plenty to worry about’ including AI bubble risk

Sam Woods United States

Sam Woods, deputy governor for prudential regulation and chief executive officer of the Prudential Regulation Authority (Benjamin Cremel/PA) - (PA Archive)

The head of the UK’s banking watchdog has warned that the finance sector has “plenty to worry about” including the risk of an “AI bubble” and concerns over the US credit markets.

Sam Woods also told City bosses and top bankers that potential reforms related to government bonds from the US secretary to the Treasury would be “highly risky”.

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