European Central Bank Escriva: AI creates various risks and requires a comprehensive assessment of financial infrastructure to be restarted

On May 10, European Central Bank Governing Council member José Luis Escriva said that with the rapid development of artificial intelligence, central banks must reassess the risk resilience of financial infrastructure, while at the same time adhering to their ultimate role as the backer. Resist various potential risks brought by stablecoins. Escriva, who is also governor of the Bank of Spain, said at an event in Tarragona on Saturday: "The recent development of artificial intelligence forces us to re-examine the robustness of financial infrastructure and overall cybersecurity protection capabilities."