AI startup Anthropic will brief the Financial Stability Board on its Claude Mythos AI model, which experts fear could pose a threat to cyber defenses. The model has shown advanced capabilities in identifying IT system flaws.
The Financial Stability Board wants regulators to tighten up their supervision of private credit amid fears of growing stress in the sector.
Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowersThe private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned.A new report into private credit by the global watchdog, which monitors financial authorities including central banks in 24 countries, found that the healthcare, services, and tech sectors have become the biggest borrowers of private credit. Continue reading...
The Financial Stability Board (FSB) is warning that global markets could be heading toward a chain reaction in which tighter funding, war-driven volatility, and deepening cracks in non-bank finance converge into what its chair calls a possible “double or triple whammy” for financial stability. In a letter sent ahead of the April 16 G20 meeting, […] The post FSB warns of ‘triple whammy’ crisis as private credit threat to global markets worsens appeared first on CryptoSlate.
