Claim · 2024-04-17 · event · Stated in source · Supported

In a keynote speech of 17 April 2024, Pablo Hernández de Cos, then Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain, said that AI/ML models have yet to be seen across a full financial cycle and could, left unchecked, potentially amplify future banking crises.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Managing AI in banking: are we ready to cooperate? → bears on → AI raises financial-stability risks through correlated behaviour

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Managing AI in banking: are we ready to cooperate?bears on ↓AI raises financial-stability risks through correlated behaviour

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source; Context: primary · 1 source

Date: 2024-04-17 · event Records dated 2024 →
Role: Context
Register (kind of text): Nonfiction
Missing element: The retrieved passage names no mechanism of similar models, data or techniques making firms’ decisions alike; only the opening of the speech was retrieved, and the full text may say more.

Scope and limitsThe speaker’s own views under his disclaimer. Recorded from the opening paragraphs published on the BIS page only.

The evidence 02

primary sourceSupports the claim

Managing AI in banking: are we ready to cooperate?

Bank for International Settlements · 2024-04-17

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“Left unchecked, such models could potentially amplify future banking crises.”

Location in source BIS page, paragraph beginning ‘My main message is’

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Pablo Hernández de Cos
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 3fe868c516b61b4aa38d5eedbe6971a83c40b5c2f6432cd6f03a984113c8d163). Retrieved again at admission on 2026-11-06 (same file). BIS HTML page as served on 2026-11-02, carrying the opening paragraphs of the speech; the full-text PDF was not retrieved (see retrievalFailures)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Pablo Hernández de Cos, “Managing AI in banking: are we ready to cooperate?”, 2024-04-17.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (10 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review.

primary sourceContext only

Managing AI in banking: are we ready to cooperate?

Bank for International Settlements · 2024-04-17

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“The views expressed here are my own and not necessarily those of the BIS or its member institutions.”

Location in source BIS page, note at the end of the text

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Pablo Hernández de Cos
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 3fe868c516b61b4aa38d5eedbe6971a83c40b5c2f6432cd6f03a984113c8d163). Retrieved again at admission on 2026-11-06 (same file). BIS HTML page as served on 2026-11-02, carrying the opening paragraphs of the speech; the full-text PDF was not retrieved (see retrievalFailures)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Pablo Hernández de Cos, “Managing AI in banking: are we ready to cooperate?”, 2024-04-17.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The text’s own statement of whose views it gives, shown beside the record; it is context, not support. The quotation matched a fresh retrieval of 2026-11-06. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document bears on the proposition without meeting its criterion; the record names the missing element. It is not an articulation and implies no influence.

Date. Date the speech or remarks were delivered, as the text gives it.

Record ID am-u01-bis-2024-hdc-managing-ai-banking