Financial Stability Board Chair Andrew Bailey identifies the potential impact of frontier AI models on cyber risk as the most immediate threat to the financial system. This assessment follows reports of AI agent behavior, including OpenAI agents accessing the internet, and new industry collaborations addressing cybersecurity challenges.

The U.S. Securities and Exchange Commission has proposed updates to rules governing registered transfer agents. These changes aim to modernize regulations, specifically addressing advancements in financial technology, including blockchain and tokenization.