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The Latest Breaking News from the Financial Stability Board

AI Can Now Launch Cyberattacks Faster And For Less. Bank Of England Chief Says Financial Markets Could Pay The Price.

UK regulators say some frontier models can already outperform skilled cyber professionals on certain tasks, while financial firms are being told to patch vulnerabilities faster and prepare for simultaneous attacks.

International Business Times

Global financial system susceptible to shocks, Bailey warns G20

Andrew Bailey, chairman of the Financial Stability Board, the fiscal risk watchdog for the G20, urged greater multilateral co-operation.

Evening Standard

G20 is too elite. There’s a way to fix that though – economists

The G20 claims to be “the premier forum for international economic cooperation”.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Hedge funds are the new ‘shadow banks’—and some are worried they pose a systemic threat to financial stability

The $800 billion ‘basis trade’ underlines how risky bets help keep the financial system humming.

Fortune

Future of Finance: Circle’s Allaire says U.S. lawmakers may be ‘late to the party’ with crypto, but it won’t hold back the world’s largest economy

“When the U.S. does lay down its rules,” added the Circle CEO, “it's going to be a highly competitive market.”

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