Central Banks
AI Risks to Financial Stability Are Already a Central Bank Worry
- HKMA, MAS chiefs comment on technology at BIS conference
- ‘We are already starting to see’ some risks, Yue says
Eddie Yue, CEO of the Hong Kong Monetary Authority.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Dangers to financial stability posed by the development of artificial intelligence tools are already starting to become a worry, two central bank chiefs told a conference on Tuesday.
Asked if there’s “something bad that could happen that you are preparing for” related to the technology, the policymakers from two Asian banking hubs each highlighted possible risks that they’ve identified.