{"id":239948,"date":"2026-07-03T08:21:00","date_gmt":"2026-07-03T12:21:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/07\/03\/ai-is-outpacing-the-rules-europes-top-bankers-and-regulators-warn\/"},"modified":"2026-07-03T10:10:28","modified_gmt":"2026-07-03T14:10:28","slug":"ai-is-outpacing-the-rules-europes-top-bankers-and-regulators-warn","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/07\/03\/ai-is-outpacing-the-rules-europes-top-bankers-and-regulators-warn\/","title":{"rendered":"AI is outpacing the rules, Europe\u2019s top bankers and regulators warn"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/2026\/07\/03\/ai-outpacing-rules-europe-top-bankers-regulators-warn.html\">AI is outpacing the rules, Europe\u2019s top bankers and regulators warn<\/a><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/07\/03\/ai-outpacing-rules-europe-top-bankers-regulators-warn.html\">https:\/\/www.cnbc.com\/2026\/07\/03\/ai-outpacing-rules-europe-top-bankers-regulators-warn.html<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-07-03 08:21:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.cnbc.com\">www.cnbc.com<\/a><\/p>\n<ul>\n<li>\n<p>European policymakers are struggling to keep up with rapid advancements in artificial intelligence (AI) as they try to support adoption while mitigating risks to market stability.<\/p>\n<\/li>\n<li>\n<p>Nikhil Rathi, CEO of the U.K.&#8217;s Financial Conduct Authority, argues that traditional rulemaking is insufficient to manage the pace of technological change in AI.<\/p>\n<\/li>\n<li>\n<p>Efforts are underway in the U.K., such as the creation of the AI Safety Institute, to help regulators and businesses understand and safely adopt AI.<\/p>\n<\/li>\n<li>\n<p>Christine Lagarde, president of the European Central Bank, sees AI as a source of productivity gains but also warns of its major risks, especially concerning the rapid development of AI models.<\/p>\n<\/li>\n<li>\n<p>Agentic AI&#8217;s potential to amplify volatility during market stress has been highlighted by Sarah Breeden, deputy governor of the Bank of England, prompting discussions on increased oversight and potential market controls.<\/p>\n<\/li>\n<li>\n<p>Top bankers and regulators acknowledge that Europe is lagging in both AI investment and the development of leading companies, prompting a call for Europe to build its own AI capabilities.<\/p>\n<\/li>\n<li>\n<p>Regulators emphasize the need to balance the rapid pace of AI innovation with the necessary safeguards to not expose markets to unmanageable risks. <\/p>\n<\/li>\n<li>\n<p>A collaborative approach is needed to address financial crimes and AI-related risks, with an emphasis on transparency regarding where such risks may lie.<\/p>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI is outpacing the rules, Europe\u2019s top bankers and regulators warn https:\/\/www.cnbc.com\/2026\/07\/03\/ai-outpacing-rules-europe-top-bankers-regulators-warn.html Publish Date: 2026-07-03&#8230;<\/p>\n","protected":false},"author":1,"featured_media":239949,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108126365-1743745926179-gettyimages-1820209027-ai-robot-digital-display.jpeg?v=1748222707&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-239948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/239948"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=239948"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/239948\/revisions"}],"predecessor-version":[{"id":239950,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/239948\/revisions\/239950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/239949"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=239948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=239948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=239948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}