LONDON, May 11 (Reuters) – The head of the Bank of
England’s regulatory arm on Wednesday said it was “reasonable to
expect quite significant disruption” to financial services from
the latest AI models such as Anthropic’s Mythos and ChatGPT 5.5
Instant, citing their growing ability to identify
vulnerabilities, and the requirement for banks to patch these –
“the main driver of outages” in the financial system – at speed.
Sam Woods, chief executive of the Prudential Regulation
Authority, said firms would need to step up basic cyber hygiene
and respond faster, with AI-driven defences becoming more
important. He was speaking at UK Finance’s Growth Delivery
Summit.
(Reporting by Phoebe Seers; Editing by Kevin Liffey)