UK government FCA Bank of England and **CMORG** Issued a statement urging firms to actively manage frontier AI cyber risks and strengthen defenses for **May 15** and ongoing
Public Sector Action
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The UK government, FCA, and Bank of England issued a May 15 statement telling UK financial services firms to actively manage frontier AI cyber risks, because malicious use could amplify threats to safety and soundness, customers, market integrity, and financial stability. The statement also pushes firms to strengthen governance, vulnerability management, third-party risk, protection, and response and recovery. The authorities said they will keep monitoring frontier AI developments and engage through CMORG.
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Timeline
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18.05.2026 12:00 2 articles · 9d ago
UK authorities issue frontier AI cyber-risk guidance for financial firms
Legal Policy Action UpdateThe UK government, Financial Conduct Authority, and Bank of England warn UK financial services firms that frontier AI can already raise cyber risk at higher speed, greater scale, and lower cost, and urge boards and senior management to strengthen governance, vulnerability management, third-party risk controls, access management, network security, data protection, automated and AI-enabled defenses, unsupported-system protection, cyber insurance coverage, and rapid response and recovery.
Show sources
- Bank of England, FCA and Treasury Raise Alarm Over Frontier AI — www.infosecurity-magazine.com — 18.05.2026 12:00
- Bank of England, FCA and Treasury Raise Alarm Over Frontier AI — www.infosecurity-magazine.com — 18.05.2026 12:00
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18.05.2026 12:00 1 articles · 9d ago
UK financial authorities publicly warn on frontier AI cyber risk
Initial DisclosureUK government, Financial Conduct Authority, and Bank of England publicly warn UK financial services firms that frontier AI can already exceed what a skilled practitioner could achieve and could amplify threats to safety and soundness, customers, market integrity, and financial stability, while continuing to monitor frontier AI developments and engage with industry through CMORG.
Show sources
- Bank of England, FCA and Treasury Raise Alarm Over Frontier AI — www.infosecurity-magazine.com — 18.05.2026 12:00