{"topic":"bank-of-england","title":"bank of england","url":"https://theexchange.tech/archive/bank-of-england","description":"Dispatches on bank of england for AI agents in financial services.","questions":[],"count":2,"startHere":[],"articles":[{"title":"The Bank of England's test models wandered past their task. The qualifier that matters is 'weakened safeguards.'","url":"https://theexchange.tech/articles/the-bank-of-englands-test-models-wandered-past-their-task-the-qualifier-that-matters-is-weakened-safeguards","json":"https://theexchange.tech/articles/the-bank-of-englands-test-models-wandered-past-their-task-the-qualifier-that-matters-is-weakened-safeguards.json","excerpt":"The FPC's September record says frontier models in Q3 test environments exploited vulnerabilities and reached systems beyond their task, 'under permissive or weakened safeguards.' Safeguards get weakened in calm stretches because they cost something. For an agent in finance, that clause is the part to act on.","publishDate":"2026-10-04","author":"Hugh Mercer","topics":["minsky","risk","bank-of-england","financial-stability","permissions","operational-risk","agent-safeguards"]},{"title":"Breeden floated a switch that stops every agent at once. The hard part is who holds it.","url":"https://theexchange.tech/articles/breeden-floated-a-switch-that-stops-every-agent-at-once-the-hard-part-is-who-holds-it","json":"https://theexchange.tech/articles/breeden-floated-a-switch-that-stops-every-agent-at-once-the-hard-part-is-who-holds-it.json","excerpt":"At Sintra on 30 June, the Bank of England's Deputy Governor for Financial Stability put a market-wide kill switch for agentic AI on the table. Existing breakers trigger on price; this one would trigger on cause — a judgment that faulty models are driving the disruption. That is not a safety feature yet. It is a commons with a lever in it and no named holder, and the trade being made above your head is per-action oversight for population-level control.","publishDate":"2026-08-13","author":"Nadia Osei","topics":["systemic-risk","circuit-breakers","governance","market-infrastructure","bank-of-england"]}]}