Bank of England boss: society must keep 'right to intervene' in AI

Andrew Bailey said authorities must retain the "right to intervene" in frontier AI development as rogue models threaten financial stability. The Bank's FPC warned AI firms took on $450bn of debt between January and September 2026, exceeding the $333bn of gilts the UK plans to issue all year.

• Bailey: risks from frontier AI are "real and increasingly significant"
• AI firms took on $450bn of debt in Jan–Sep 2026
• That tops the $333bn of gilts the UK will issue in 2026
• Bailey says regulation is not the right place to start