BoE Governor Bailey: Regulating AI ‘Not the Right Starting Point’

Bailey's framing puts the sequencing of AI oversight in question rather than its necessity, which matters because central banks shape how quickly rules reach the firms deploying these models in finance. His reluctance to treat regulation as the default first move leaves the initiative with existing supervisory and industry-led efforts, at least for now. Whether that pre-regulatory approach holds as AI adoption deepens across banking and market infrastructure is the open question.