ECB Governor Sounds Warnings on AI and Stablecoins

A European Central Bank official wants bankers to test their infrastructure for artificial intelligence-related threats. That warning came from European Central Bank Governing Council member José Luis Escrivá, who spoke at an event in the Spanish city of Tarragona on Saturday (May 9). “Recent developments in artificial intelligence force us to reassess the robustness of our financial infrastructure and our cybersecurity,” said Escrivá, whose comments were reported by Bloomberg News.