AI Policy & Regulation
2d ago
Central Banks Urged to Assess Financial Infrastructure Amid AI Developments
May 9, 2026
AI Summary
José Luis Escrivá, a member of the European Central Bank Governing Council, emphasizes the need for central banks to evaluate the resilience of financial infrastructure in light of advancements in artificial intelligence. He also highlighted the importance of maintaining their role as protectors against risks associated with stablecoins.
- José Luis Escrivá, a member of the European Central Bank Governing Council and governor of the Bank of Spain, spoke at an event in Tarragona.
- He stated that the rise of artificial intelligence necessitates a reassessment of the robustness of financial infrastructure and cybersecurity.
- Escrivá also mentioned the need for central banks to defend their role as the ultimate guarantor against risks posed by stablecoins.
ai risksfinancial infrastructurecentral banksstablecoinsregulation