Britain's bank regulator expects 'quite significant disruption' from latest AI models 

LONDON, May 11 (Reuters) - ​The ⁠head of ​the Bank of England’s regulatory arm ​on ‌Wednesday said it was “reasonable ⁠to expect quite significant ⁠disruption” to ​financial services from the latest AI models such as Anthropic’s ​Mythos ‌and ChatGPT 5.5 Instant, citing their growing ability to identify vulnerabilities, and ​the requirement for banks ‌to patch these - “the main driver of ‌outages” in the financial system - at speed.

Sam Woods, chief ​executive of the Prudential Regulation Authority, ‌said firms would need to step up basic ⁠cyber ⁠hygiene and respond faster, ‌with AI-driven defences becoming more important. ​He ​was speaking at ‌UK Finance's Growth Delivery Summit. (Reporting by Phoebe Seers; Editing by Kevin Liffey)