{"primaryDescription":"

Bank of England Governor to face questions on financial stability following AI warnings

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The Governor of the Bank of England and other members of the Financial Policy Committee (FPC) will be questioned on financial stability by the Treasury Committee.

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Appearing alongside the Governor will be the Bank’s Executive Director for Financial Stability Strategy and Risk, Nathanaël Benjamin, as well as Stephen Blyth and Randall Kroszner, both of whom are External Members.

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Questions will relate to the most recent Financial Stability Report, published by the FPC on 7 July 2026.

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In their report, the FPC warns that there is an increased risk to the UK’s financial stability due to rapid progress in frontier AI models. MPs are likely to probe witnesses further for what can be done to strengthen cyber security in financial institutions.

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The Committee is also likely to ask Bank officials for their assessment of other potential threats to financial stability, such as geopolitical conflict and non-bank financial institutions such as hedge funds.

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Questions may also cover recent discussions within the FPC related to potential changes to the leverage ratio framework.

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