Published by Global Banking & Finance Review®
Posted on April 15, 2026
1 min readLast updated: April 15, 2026
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Incoming PRA chief Katharine Braddick stressed that both AI risks and benefits must be equally addressed, echoing broader regulatory efforts including calls for AI stress tests and concerns over cybersecurity threats from frontier models like Anthropic’s Mythos.
April 15 (Reuters) - The incoming head of the UK's prudential regulator for banks and insurers said on Wednesday risks and opportunities arising from the widespread adoption of artificial intelligence in the financial sector should be addressed equally.
"My personal view is that we have to, and will be expected to, address equally the threat and the opportunity," Braddick told lawmakers at her pre-appointment hearing before parliamentary Treasury Committee.
BoE Governor Andrew Bailey, who will be Braddick's boss, on Tuesday said authorities must quickly understand the implications of a new artificial intelligence model that could pose major cybersecurity dangers.
(Reporting by Phoebe Seers, writing by Andy Bruce, editing by William James)
She stated that both the risks and opportunities of AI in the financial sector should be equally addressed.
AI poses potential cybersecurity dangers and regulatory challenges that authorities need to understand quickly.
The incoming PRA head, Braddick, and Bank of England Governor Andrew Bailey both commented on the topic.
The PRA aims to give equal consideration to both the threats and opportunities that AI brings to the financial sector.
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