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International regulators are urging G20 finance ministers to prepare for coordinated cyberattacks leveraging artificial intelligence that could simultaneously disrupt multiple financial institutions and shared technology networks.
Federal Reserve officials, including Governor Christopher Waller, are indicating a willingness to consider a rate hike if upcoming inflation data remains high. This stance has led to increased speculation about a potential July rate hike, despite some concerns about a faltering labor market.
A new report from the Financial Stability Board (FSB) has raised concerns about the private credit sector, highlighting issues such as opacity, high debt levels, and increasing default rates.
The Council of Financial Stability has issued a formal warning to G20 finance ministers and central bankers, cautioning that advanced AI systems could significantly accelerate the speed and scale of future cyberattacks.
AI company Anthropic is set to brief the Financial Stability Board, a global financial watchdog, on cybersecurity vulnerabilities discovered in its AI model, Mythos. The briefing will share findings related to the cyber flaws exposed by the model.
The Financial Stability Board (FSB), a global watchdog, has unveiled an action plan to address vulnerabilities in the private credit sector. The board has raised alarms regarding the potential risks associated with this growing market.
The FSB cautions that advanced artificial intelligence models might exacerbate systemic vulnerabilities and cyber threats during periods of severe financial market instability.
A 'shadow market' that has grown to nearly $2 trillion since the 2008 crisis is now causing significant concern among global regulatory authorities, including the Financial Stability Board (FSB).
The chair of the Financial Stability Board has issued a warning about a potential "triple whammy" to stability as funding conditions become tighter.