Speech
It’s a pleasure to be at CityWeek to discuss a topic that has the power to transform the financial services landscape and, with it, the way we think about financial stability risks.
I have approached this subject with my two Bank of England hats on: as an external member of both the Bank’s Financial Stability Committee (FPC), charged with identifying, monitoring and mitigating systemic risks; and the Financial Market Infrastructure Committee (FMIC), which supervises financial market infrastructures. Each Committee has a role in protecting and enhancing financial stability in the UK. Both are alert to the opportunities and risks presented by financial technology and artificial intelligence (AI).
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