Andrew Bailey, Governor of the Bank of England, has made a sharp statement calling on the global community to immediately consolidate in the field of artificial intelligence regulation. In his view, isolated national approaches, including those from the United States, are unable to provide adequate protection against the growing cyber threats generated by AI.
Bailey's key thesis is the need for joint testing of advanced AI models before their widespread deployment. He emphasized that modern financial and technological infrastructures are so interconnected that even the most technologically powerful player, such as the United States, cannot build reliable cyber defense alone. The vulnerability of one system automatically creates risks for all others.
Global risks require global solutions
In his speech, the head of the British regulator highlighted that threats emanating from artificial intelligence do not recognize state borders. Attacks using generative AI models, automated phishing campaigns, and algorithmic market manipulation are challenges that cannot be tackled alone. Bailey called for the creation of international protocols for testing and certifying AI systems, similar to those existing in the aviation or nuclear industries.
This statement is particularly significant against the backdrop of the active integration of AI into the financial sector, including algorithmic trading, risk management, and customer service. The Bank of England, which itself is actively exploring the potential of digital currencies and blockchain, clearly sees a direct parallel between the decentralization of finance and the global nature of AI threats.
My comment as an analyst: Bailey's call is not just political rhetoric, but a pragmatic acknowledgment that the current "every man for himself" model in technology regulation is outdated. In a world where AI models are trained on data from different jurisdictions, and cyberattacks can be launched from one country while targeting the infrastructure of another, the only path to security is the creation of supranational control mechanisms. However, given the current geopolitical tensions, achieving such a consensus will be an extremely difficult task.