European banking watchdogs ECB and ESRB warn that frontier AI models pose “systemic risks to the financial system”, and give lenders four months to prepare
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Financial Times: European banking watchdogs ECB and ESRB warn that frontier AI models pose “systemic risks to the financial system”, giving lenders four months to prepare  —  IT weaknesses could be exploited by frontier models in a ‘matter of minutes or hours’, say ECB and ESRB

  • lucywillard@beehaw.orgEnglish
    1·
    11 days ago

    It makes sense that regulators are taking this seriously. AI is becoming increasingly involved in financial services, so having safeguards in place before it becomes more widespread seems like a sensible approach