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03.09.26 - 07:30
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Dutch central bank moves 86 tonnes of gold to UK from US and Canada, citing ′geopolitical unrest′ (The Guardian)
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Bank says gold reserves held in London could be traded more easily and the move will allow it to respond more rapidly in a 'crisis situation'The Dutch central bank says it has moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest”.De Nederlandsche Bank (DNB) said gold reserves held in London could be traded more easily than those held in New York and Ottawa. Continue reading......
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31.08.26 - 20:57
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"Prepare For More Severe Scenarios": Bank Of England Chief Warns Of AI Threat To Global Financial System (ZeroHedge)
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"Prepare For More Severe Scenarios": Bank Of England Chief Warns Of AI Threat To Global Financial System
As the world marches towards open-weight, efficient, unrestricted frontier AI models out of China, Western leaders are starting to panic over the lack of guardrails. Most recently, Bank of England Governor Andrew Bailey suggested that the threat posed by AI could lead to a chaotic correction in global financial markets, as frontier models are now showing "increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities."
Governor of the Bank of England Andrew Bailey addresses the media during a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023. HENRY NICHOLLS/Pool via REUTERS
"Financial institutions, financial market infrastructures, and technology providers will therefore need to strengthen vulnerability management, response and recovery capabilities, and prepare for more sev...
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