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17.10.26 - 15:24
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Bank of England governor walks out of IMF summit in protest against Russia (The Guardian)
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Andrew Bailey among finance leaders to leave session in Bangkok when Russian finance minister addressed groupThe Bank of England governor, Andrew Bailey, has taken part in a walkout of finance leaders who left an International Monetary Fund meeting in protest against Russian involvement.Bailey joined counterparts from France, Germany and a number of Scandinavian and Baltic countries who left the session in Bangkok when the Russian finance minister, Anton Siluanov, addressed the group in Russian. Continue reading......
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16.10.26 - 06:54
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BOE′s Bailey Calls for Global AI Testing Standards (Bloomberg)
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Bank of England Governor Andrew Bailey urged rigorous pre- and post-release model testing standards to safeguard public trust and financial infrastructure, while warning that markets risk a correction by overestimating AI returns and pricing every player as a winner. (Source: Bloomberg)...
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16.10.26 - 05:24
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BOE Chief Says Energy Shock Delays 2% Inflation Target (Bloomberg)
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Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks. (Source: Bloomberg)...
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14.10.26 - 11:30
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Bank of England and IMF bosses issue stark warning on cyber threat to trust (The Guardian)
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Andrew Bailey and Kristalina Georgieva voice concerns about financial system on panel about online fraud Business live – latest updatesThe heads of the Bank of England and the International Monetary Fund have issued a stark warning that rising cyber-attacks risk undermining trust in the financial system.Speaking on a panel about online fraud at the IMF and World Bank meetings in Bangkok, the governor of the Bank of England, Andrew Bailey, pointed to alarming headlines about self-replicating AI agents hijacking personal devices, and the French supermarket hack that heated fridges up to 50C. Continue reading......
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