In his letter of 28 August 2026 to G20 Finance Ministers and Central Bank Governors, Andrew Bailey, Chair of the Financial Stability Board, wrote that frontier AI could alter the speed, scale and economics of cyber risk in a way that could undermine market confidence system-wide, especially because of highly concentrated third-party service providers.
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FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: August 2026 → bears on → Reliance on a few AI providers creates concentration risk