Key facts
- Bank of England Deputy Governor Sarah Breeden suggested that existing regulatory frameworks may not be adequate for autonomous AI agents.
- Breeden indicated that relying on human oversight for all AI agent actions is likely unrealistic.
- She called for more sophisticated governance and accountability frameworks to manage AI risks.
- The Financial Stability Board previously urged for enhanced safeguards against AI agents due to challenges with human oversight.
Sarah Breeden, deputy governor for financial stability at the Bank of England, suggested on Tuesday that more sophisticated regulatory frameworks may be necessary to monitor and contain the risks posed by artificial intelligence to the financial system. Speaking at the European Central Bank Forum on central banking in Portugal, Breeden noted that the rapid advancement of AI agents capable of autonomous action has exposed potential gaps in current regulations.