AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
The collapse of the artificial intelligence-driven boom, excessive government debt or a major cyber attack could upset the recent period of financial stability, the International Monetary Fund said today (October 13).
The fund’s latest Global Financial Stability Report (GFSR) points to “rising risks” and “unresolved vulnerabilities”, even though it says financial markets have remained stable in the face of tighter monetary policy and the impact of the war in the Middle East.
The report says an AI
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