Central banks urged to review financial infrastructure over AI and stablecoin risks
Updated
Updated · Bloomberg · May 9
Central banks urged to review financial infrastructure over AI and stablecoin risks
7 articles · Updated · Bloomberg · May 9
ECB Governing Council member and Bank of Spain governor José Luis Escrivá made the call at an event in Tarragona on Saturday.
He said recent advances in artificial intelligence require a reassessment of financial infrastructure robustness and cybersecurity resilience.
Escrivá also said central banks must protect their role as the ultimate guarantor against risks posed by stablecoins.
As AI automates cyberattacks, are financial firms already losing the technological arms race to protect the global economy?
With private stablecoins projected to hit $3 trillion, is the race for a digital euro already too little, too late?
The Amplified Threat: AI, Stablecoins, and the Race to Secure Global Financial Stability
Overview
Artificial intelligence (AI) is now seen as an immediate and growing threat to global financial stability and cybersecurity. Central banks and financial regulators around the world are intensifying their focus on these risks, as highlighted by the Federal Reserve’s Spring 2026 survey, which showed a sharp rise in AI concerns. AI risks have moved up in priority, prompting regulators to consider how to include AI-specific scenarios in their stress-testing frameworks. In response, both the European Central Bank and UK regulators are reviewing financial infrastructure and actively assessing AI dangers, signaling a shift toward more rigorous oversight and governance of AI in finance.