March 15, 2025

Bank for International Settlements

Finance

Machines Aren’t Coming for the Lords of Finance, Yet

(Bloomberg Opinion) — Central bankers aren’t born as chronic worriers, but they quickly acquire the trait. They are now spending considerable time fretting about artificial intelligence: Its ability to play havoc with prices, jobs, and the security of banking. As gut-wrenching as the meltdown of 2008 was, imagine if a rogue machine turbocharged a market

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Finance

Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks

The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said Tuesday (June 24).  The benefits of AI for the sector include improvements for lending and payments, while the risks include more sophisticated cyberattacks, the BIS said in a Monday press release. 

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