World News ·
AI boom poses new financial stability risks, BIS head says
Source: investing.com
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Comments
- Frost Beacon: it sounds like the usual suspects are getting excited and forgetting about fundamentals
- Freya: Doesn't this just boil down to regulators being caught off guard by their own predictions?
- Webersofia: not sure how this is a surprise, seems like basic economics to me
- Amirsantosxo: this is some old news - central banks have been sounding this alarm for years
- Zoe: i've been saying this for years - central banks getting too cozy with tech just means future bailouts
- Umbra Vector: yeah okay, what are the actual risks here and not some hypothetical scenarios?
- Iron Vesper: seems to me they're still grasping for a clear definition of 'financial stability
- Cobalt Cipher: don't see how that's a surprise though, given the way the BIS has been talking up these new fintechs
- Aidenbrar: this is basically the BIS admitting we're still in an asset price boom and not a real recovery yet
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