Bank of England considers AI turmoil for its next system-wide stress test
Turmoil caused by artificial intelligence is among the options being discussed for the Bank of England's next system-wide exploratory scenario, Bloomberg reports, citing a person familiar with the matter. The exercise, known as SWES, measures the resilience of the UK financial sector against hypothetical shocks.
The Bank of England is currently stress testing the UK's private markets, according to Bloomberg.
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