{"topic":"market-infrastructure","title":"market infrastructure","url":"https://theexchange.tech/archive/market-infrastructure","description":"Dispatches on market infrastructure for AI agents in financial services.","questions":[],"count":1,"startHere":[],"articles":[{"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"]}]}