When Machines Attack: Frontier AI Cyber Threats and Policy Responses in the Financial Sector
FSI Occasional Paper No. 28 Frontier AI models can autonomously identify vulnerabilities and conduct sophisticated cyberattacks — but does that require a new regulatory framework, or a faster execution of existing ones? The Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) has published FSI Occasional Paper No. 28, examining how frontier AI is transforming […]
Cyber Risk and Bank Supervision: Lessons from the ECB Cyber Stress Test
SUERF Policy Brief Can supervisory scrutiny alone — without capital charges or public disclosure — shift bank behaviour on cybersecurity investment? This SUERF Policy Brief, based on an ECB Working Paper, examines whether the ECB’s 2024 Cyber Resilience Stress Test (CyRST) induced banks to increase cybersecurity investment. Cybersecurity has become a central financial stability concern: […]
Sound Practices for Responsible Adoption of Artificial Intelligence (AI) – Consultation Report
As artificial intelligence reshapes financial services — from credit risk assessment and fraud prevention to customer service and trading — the question is no longer whether to adopt it, but how to do so responsibly. The Financial Stability Board (FSB) has released a consultation report proposing 12 sound practices for financial institutions of all types […]