Bank of England deputy governor Breeden said on Tuesday the bank may need
dedicated regulation for agentic AI to curb risks to the financial system,
marking a possible shift from its prior stance that existing rules are
sufficient. He said rapid deployment of agentic systems in payments and trading
has exposed regulatory gaps and could require more granular, complex measures;
agentic AI can act and make decisions autonomously, and requiring
human-in-the-loop oversight for every action may be impractical.