Overview
- The G20’s Financial Stability Board cautioned that heavy reliance on shared AI models and specialized hardware could spur herd-like behavior and single points of failure.
- The Bank for International Settlements pressed central banks and supervisors to raise their game by building AI expertise, using non‑traditional data, and deploying the technology in their own analytical tools.
- Authorities’ monitoring of AI adoption remains at an early stage, with data gaps stemming from inconsistent definitions and reporting requirements.
- The FSB warned that AI-driven fraud and disinformation could erode trust, amplify volatility, and potentially trigger flash crashes or bank runs.
- The reports called for international coordination and standardized reporting to strengthen oversight, with concrete mandates and timelines yet to be set.