{"index":{"byClaim":[["am-u01-bis-wp-1194",["propositions:ai-and-money"]],["am-u07-bis-wp-1194",["propositions:ai-and-money"]]],"marks":[],"chronicle":{"years":[{"year":1637,"topics":{"ideas":2},"stated":0},{"year":1843,"topics":{"ideas":1},"stated":0},{"year":1863,"topics":{"ideas":10},"stated":0},{"year":1865,"topics":{"ideas":3},"stated":0},{"year":1872,"topics":{"ideas":12},"stated":0},{"year":1923,"topics":{"ideas":3},"stated":0},{"year":1943,"topics":{"ideas":1},"stated":0},{"year":1947,"topics":{"ideas":4},"stated":0},{"year":1948,"topics":{"ideas":7},"stated":0},{"year":1949,"topics":{"ideas":4},"stated":0},{"year":1950,"topics":{"ideas":13},"stated":0},{"year":1951,"topics":{"ideas":14},"stated":0},{"year":1952,"topics":{"ideas":2},"stated":0},{"year":1955,"topics":{"ideas":32},"stated":0},{"year":1956,"topics":{"ideas":1},"stated":0},{"year":1957,"topics":{"ideas":1},"stated":0},{"year":1958,"topics":{"ideas":8},"stated":0},{"year":1959,"topics":{"ideas":7},"stated":0},{"year":1960,"topics":{"ideas":12},"stated":0},{"year":1961,"topics":{"ideas":14},"stated":0},{"year":1965,"topics":{"ideas":9},"stated":0},{"year":1966,"topics":{"ideas":21},"stated":0},{"year":1968,"topics":{"ideas":5},"stated":0},{"year":1969,"topics":{"ideas":2},"stated":0},{"year":1971,"topics":{"ideas":4},"stated":0},{"year":1972,"topics":{"ideas":1},"stated":0},{"year":1973,"topics":{"ideas":5},"stated":0},{"year":1974,"topics":{"ideas":2},"stated":0},{"year":1975,"topics":{"ideas":1},"stated":0},{"year":1976,"topics":{"ideas":1},"stated":0},{"year":1977,"topics":{"people":2,"ideas":8},"stated":0},{"year":1979,"topics":{"ideas":10},"stated":0},{"year":1980,"topics":{"ideas":2},"stated":0},{"year":1981,"topics":{"people":2},"stated":0},{"year":1982,"topics":{"ideas":4},"stated":0},{"year":1983,"topics":{"ideas":7},"stated":0},{"year":1984,"topics":{"ideas":21},"stated":0},{"year":1985,"topics":{"ideas":9},"stated":0},{"year":1986,"topics":{"ideas":18},"stated":0},{"year":1987,"topics":{"ideas":1},"stated":0},{"year":1988,"topics":{"ideas":6},"stated":0},{"year":1989,"topics":{"ideas":26},"stated":0},{"year":1990,"topics":{"ideas":9},"stated":0},{"year":1991,"topics":{"ideas":14},"stated":0},{"year":1992,"topics":{"ideas":15},"stated":0},{"year":1993,"topics":{"ideas":27,"people":3},"stated":0},{"year":1994,"topics":{"ideas":18},"stated":0},{"year":1995,"topics":{"ideas":10,"people":1},"stated":0},{"year":1996,"topics":{"ideas":83},"stated":0},{"year":1997,"topics":{"ideas":20},"stated":0},{"year":1998,"topics":{"ideas":56},"stated":0},{"year":1999,"topics":{"ideas":36,"people":1,"institutions":1},"stated":0},{"year":2000,"topics":{"ideas":78},"stated":0},{"year":2001,"topics":{"ideas":58},"stated":0},{"year":2002,"topics":{"ideas":32},"stated":0},{"year":2003,"topics":{"ideas":9},"stated":0},{"year":2004,"topics":{"ideas":15,"people":3},"stated":0},{"year":2005,"topics":{"ideas":20,"people":1},"stated":0},{"year":2006,"topics":{"ideas":26,"people":1},"stated":0},{"year":2007,"topics":{"ideas":21},"stated":0},{"year":2008,"topics":{"ideas":67,"people":3,"institutions":1},"stated":0},{"year":2009,"topics":{"ideas":13,"people":1},"stated":0},{"year":2010,"topics":{"people":3,"ideas":14,"institutions":1,"governance":4},"stated":0},{"year":2011,"topics":{"people":3,"ideas":20,"institutions":2},"stated":0},{"year":2012,"topics":{"people":4,"ideas":20,"institutions":2},"stated":0},{"year":2013,"topics":{"ideas":47,"people":4,"institutions":2,"capital":1},"stated":0},{"year":2014,"topics":{"institutions":2,"ideas":63,"people":5},"stated":0},{"year":2015,"topics":{"people":23,"ideas":135,"institutions":3,"capital":1},"stated":0},{"year":2016,"topics":{"ideas":88,"people":2},"stated":0},{"year":2017,"topics":{"people":16,"institutions":3,"ideas":150,"governance":2},"stated":0},{"year":2018,"topics":{"people":9,"ideas":172,"institutions":9,"governance":1},"stated":0},{"year":2019,"topics":{"capital":1,"compute":1,"people":11,"governance":19,"ideas":188,"institutions":5},"stated":0},{"year":2020,"topics":{"people":6,"ideas":99,"institutions":1,"governance":2},"stated":0},{"year":2021,"topics":{"people":27,"ideas":195,"compute":1,"institutions":25,"governance":4,"capital":6},"stated":0},{"year":2022,"topics":{"people":15,"ideas":241,"institutions":8,"governance":3,"compute":2,"capital":1},"stated":0},{"year":2023,"topics":{"capital":14,"compute":7,"institutions":27,"people":55,"governance":239,"ideas":422},"stated":0},{"year":2024,"topics":{"capital":31,"compute":19,"governance":367,"people":103,"ideas":231,"institutions":39},"stated":1},{"year":2025,"topics":{"governance":796,"compute":70,"capital":61,"people":145,"institutions":33,"ideas":215},"stated":7},{"year":2026,"topics":{"governance":619,"capital":30,"compute":33,"institutions":32,"ideas":128,"people":139},"stated":19},{"year":2027,"topics":{},"stated":8},{"year":2028,"topics":{},"stated":6},{"year":2029,"topics":{},"stated":3},{"year":2030,"topics":{},"stated":3},{"year":2032,"topics":{},"stated":2},{"year":2035,"topics":{},"stated":2},{"year":2039,"topics":{},"stated":1},{"year":2042,"topics":{},"stated":1},{"year":2050,"topics":{},"stated":1}],"scheduled":[],"statedBy":[]},"collections":[{"target":{"kind":"propositions","id":"antecedent-texts"},"title":"Antecedent texts: machine intelligence before 1965","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"superintelligence"},"title":"Propositions about superintelligence, 1863–2025","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"risk-debate"},"title":"Arguments about catastrophic risk from advanced AI, 1863–2026","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"yudkowsky-arguments"},"title":"Eliezer Yudkowsky’s arguments on common claims about AI, 1996–2026","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"machine-succession"},"title":"Machine succession, scale and acceleration: propositions in located texts, 1863–2026","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"economics-of-machine-intelligence"},"title":"Economics of machine intelligence: texts from 1952 to 2026 that state, contest or bear on its propositions","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"orbital-compute-arguments"},"title":"Arguments about compute in orbit","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"ai-bio-arguments"},"title":"Arguments about AI and biological risk","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"ai-in-science"},"title":"AI in science","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"ai-and-money"},"title":"AI and money: what central banks and financial authorities have said, 1997–2026","claimIds":["am-u01-bis-wp-1194","am-u07-bis-wp-1194"],"records":[]},{"target":{"kind":"documents"},"title":"Frontier safety frameworks","claimIds":[]},{"target":{"kind":"compare","id":"frontier-safety-frameworks"},"title":"Compare frameworks","claimIds":[]},{"target":{"kind":"control","id":"openai"},"title":"OpenAI’s control structure, 2015–2026","claimIds":[]},{"target":{"kind":"control","id":"anthropic"},"title":"Anthropic’s control structure, 2021–2026","claimIds":[]},{"target":{"kind":"commitments"},"title":"External commitments and obligations","claimIds":[]},{"target":{"kind":"question","id":"frameworks-to-obligations"},"title":"Frameworks, commitments and legal obligations, 2023–2026","claimIds":[]},{"target":{"kind":"reading"},"title":"Founding and early leadership","claimIds":[]}]},"version":"1w72rbb","build":"index-CoKtSxT7.js","packed":1,"at":{"entities":[2234,89,6],"claims":[6681,86],"sources":[2110],"evidence":[9122,1,1,180,1]},"records":{"entities":{"n":3,"fields":{"id":["bis-wp-1194","ai-correlated-behaviour-financial-stability","ai-agents-change-payments"],"name":["Intelligent financial system: how AI is transforming finance","AI raises financial-stability risks through correlated behaviour","AI agents will change payment flows"],"type":["document","concept","concept"],"subtype":["Working paper"],"description":["Working paper by Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti, Merlin Stein, published by the Bank for International Settlements. A staff paper is its authors’ text. Dated 2024-06."],"sourceIds":[["source-am-bis-wp-1194"]],"proposition":[{"code":"J01","criterion":"Widespread use of similar AI or machine-learning models, data or techniques by financial firms could make their decisions more alike (herding, uniformity, correlated trading or lending), which could amplify shocks, procyclicality or market volatility.","terms":[]},{"code":"J07","criterion":"AI agents acting for people or firms will or could initiate, negotiate or execute payments and transactions, changing how payments are made or the demands placed on payment systems.","terms":["agentic payments","agentic commerce"]}]},"held":{"subtype":[0],"description":[0],"sourceIds":[0],"proposition":[1,1]}},"claims":{"n":2,"fields":{"id":["am-u01-bis-wp-1194","am-u07-bis-wp-1194"],"subject":["bis-wp-1194","bis-wp-1194"],"predicate":["articulates_proposition","bears_on_proposition"],"object":[{"kind":"entity","entityId":"ai-correlated-behaviour-financial-stability"},{"kind":"entity","entityId":"ai-agents-change-payments"}],"topic":["ideas","ideas"],"statement":["BIS Working Paper No 1194 of June 2024, by Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti and Merlin Stein, states that machine learning models have compounded the risks of uniformity and model herding, and that correlated autonomous actions by AI agents could produce correlated failures in finance.","BIS Working Paper No 1194 of June 2024, by Aldasoro, Gambacorta, Korinek, Shreeti and Stein, lists, in its table of the impact of successive AI technologies, faster payment flows and fraud prevention as opportunities of AI agents in payments."],"time":[{"kind":"event","date":"2024-06","basis":"publication","note":"Landing page shows 13 June 2024."},{"kind":"event","date":"2024-06","basis":"publication","note":"Date of publication, as the text gives it."}],"derivation":["explicit","explicit"],"resolution":["supported","supported"],"editorialState":["seed","seed"],"evidenceIds":[["evidence-am-u01-bis-wp-1194-1","evidence-am-u01-bis-wp-1194-2","evidence-am-u01-bis-wp-1194-disclaimer"],["evidence-am-u07-bis-wp-1194-1","evidence-am-u07-bis-wp-1194-disclaimer"]],"attributes":[{"thought":{"roles":["articulation"],"register":"nonfiction","voice":"staff"}},{"thought":{"roles":["context"],"register":"nonfiction","missing":"A table entry only; does not state that AI agents would initiate, negotiate or execute payments for people or firms.","voice":"staff"}}]}},"sources":{"n":1,"fields":{"id":["source-am-bis-wp-1194"],"documentId":["bis-wp-1194"],"title":["Intelligent financial system: how AI is transforming finance (BIS Working Papers No 1194)"],"authors":[["Iñaki Aldasoro","Leonardo Gambacorta","Anton Korinek","Vatsala Shreeti","Merlin Stein"]],"publisher":["Bank for International Settlements"],"publicationDate":["2024-06"],"version":["Retrieved for the candidate pack on 2026-11-02 (SHA-256 708484671f6b6304466e8d4c257e993aaad725cb14abeabe253cb5281ae416fd). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02"],"evidenceUrl":["https://www.bis.org/publications/working-paper-1194-intelligent-financial-system-how-ai-transforming-finance.pdf"],"language":["en"]}},"evidence":{"n":5,"fields":{"id":["evidence-am-u01-bis-wp-1194-1","evidence-am-u01-bis-wp-1194-2","evidence-am-u01-bis-wp-1194-disclaimer","evidence-am-u07-bis-wp-1194-1","evidence-am-u07-bis-wp-1194-disclaimer"],"claimId":["am-u01-bis-wp-1194","am-u01-bis-wp-1194","am-u01-bis-wp-1194","am-u07-bis-wp-1194","am-u07-bis-wp-1194"],"sourceId":["source-am-bis-wp-1194","source-am-bis-wp-1194","source-am-bis-wp-1194","source-am-bis-wp-1194","source-am-bis-wp-1194"],"sourceRole":["primary","primary"],"support":["supports","supports","context","supports","context"],"verification":["machine_checked","machine_checked","machine_checked","machine_checked","machine_checked"],"retrievalRoute":["direct","direct","direct","direct","direct"]},"held":{"sourceRole":[0,3]}}}}