GoKawiilBoE's Bailey says AI testing must precede regulation
Bank of England Governor Andrew Bailey wrote in his first Substack post that AI risks are 'real and increasingly significant' but that regulation is not the starting point. He argued for rigorous testing to identify vulnerabilities first, alongside safeguards and boundaries for AI operation, while stressing AI development should continue given its immense benefits.
GoKawiil's interpretation of the reporting above, not reported fact.
Bailey's stance places him among voices urging caution without endorsing an outright slowdown, contrasting with calls from some AI executives for pauses and international coordination. His comments come amid a wider debate involving figures like President Trump, who has resisted slowing AI development to maintain US competitiveness against China, suggesting regulators may prioritize risk assessment frameworks over immediate rule-making.
- Bailey favors rigorous testing and safeguards over immediate AI regulation.
- He acknowledges AI risks as serious but supports continued development for its benefits.
- His remarks follow broader industry and political debate, including Trump's resistance to slowing AI progress.
Source: bbc.co.uk — Watch Our Pick Of Standout Clips Across The Bbc, 2026-09-30
Published there as: “Regulating AI 'not the right place to start' says Bailey”
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