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Bank of England flags financial disruption from advanced AI – report
Key takeaways
- Sam Woods, who leads the PRA, said these systems are becoming better at finding weak points, increasing pressure on banks to fix them quickly.
- He described this patching work as “the main driver of outages” across the financial system.
- Speaking at UK Finance’s Growth Delivery Summit, Woods said firms would have to strengthen routine cyber hygiene and react more quickly, with AI-based defensive tools set to play a larger role.
Bank of England flags financial disruption from advanced AI – report Vidhya Edwards Munnangi Tue, May 12, 2026 at 6:56 PM GMT+7 2 min read ANTH.PVT The head of the Bank of England s Prudential Regulation Authority (PRA) has warned of “quite significant disruption” to financial services from new AI tools, including Anthropic’s Mythos and Chat GPT 5.5 Instant, reported Reuters.
Sam Woods, who leads the PRA, said these systems are becoming better at finding weak points, increasing pressure on banks to fix them quickly.
He described this patching work as “the main driver of outages” across the financial system.
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