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✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #14

BoE's Breeden says banks need 'bare metal' AI recovery plans

Original: Banks need ‘bare metal’ recovery in face of AI risks, says BoE’s Breeden

Bank of England policymaker Sarah Breeden said banks must be able to recover critical systems down to 'bare metal' — a full rebuild without relying on existing software — because of risks tied to artificial intelligence. The warning signals regulators expect lenders to harden operational resilience as they adopt AI, and the remarks were picked up by financial media.

Why now: A senior Bank of England official flagged new regulatory expectations for banks managing AI-related operational risks.

Bank of EnglandSarah Breeden

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