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UK regulator warns of global financial risks, including AI bubble and US credit instability, urging stronger oversight.
UK banking regulator Sam Woods warned of serious global financial risks, including a potential AI bubble, US credit market instability, cyber threats, and unregulated non-bank lending.
Speaking at the Mansion House dinner, he stressed ongoing dangers from geopolitical tensions, concentrated reinsurance, and poorly governed technologies.
He strongly criticized proposed US changes to leverage rules that would exclude high-rated government bonds, calling the move "highly risky" and akin to removing protection in a storm.
Despite UK banks' resilience, Woods urged vigilance and strong oversight to prevent systemic disruptions.
El regulador del Reino Unido advierte sobre los riesgos financieros globales, incluida la burbuja de la IA y la inestabilidad crediticia de los Estados Unidos, instando a una supervisión más estricta.