European Central Bank’s Escrivá calls for finance infrastructure review due to AI risks
ECB official José Luis Escrivá warns that financial infrastructure needs urgent updates to address systemic risks posed by artificial intelligence.Summary
José Luis Escrivá of the European Central Bank is urging financial institutions to re-evaluate their infrastructure to ensure resilience against AI-driven threats, such as market manipulation and vulnerability exploitation. He emphasizes that current systems are ill-equipped for the speed and capabilities of modern machine learning models. Beyond AI risks, Escrivá advocates for the integration of tokenisation to improve market liquidity and efficiency, particularly in European bond markets currently dominated by bank loans. While these efforts aim to modernize institutional systems, they also suggest increasing regulatory scrutiny for platforms that lack AI-resilient safeguards, potentially favoring well-capitalized entities over smaller crypto innovators.
(Source：Crypto Briefing)