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1. https://www.thestar.com.my/tech/tech-news/2024/11/21/boj039s-ueda-warns-ai-could-bring-new-financial-stability-risks - (Trust Score 8/10)
- Bank of Japan Governor Kazuo Ueda warned that AI could bring new financial stability risks, highlighting the need for operational resilience and robust management of cybersecurity and third-party risks.
2. https://www.insurancejournal.com/news/international/2024/11/21/802021.htm - (Trust Score 7/10)
- Bank of Japan Governor Kazuo Ueda emphasized that technological advances, such as AI, could introduce new risks to financial stability. He noted that current financial regulations may not be fully equipped to manage these new types of financial services.
3. https://kfgo.com/2024/11/21/bojs-ueda-warns-ai-could-bring-new-financial-stability-risks/ - (Trust Score 8/10)
- Ueda also mentioned the specific challenges posed by the rise of generative AI, including data protection concerns and the risk of biased or non-factual responses. He stressed the importance of operational resilience and adapting regulatory frameworks to technological advancements.