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News 2026-10-15 09:53 UTC

UPDATE 1 — Banks need 'bare metal' recovery in face of AI risks, says BoE's Breeden

(Adds additional comments, context in paragraphs 2, 5-7) By Rae Wee and Phoebe Seers BANGKOK/LONDON, Oct 15 (Reuters) — Bank of England Deputy Governor Sarah Breeden said on Thursday the central bank was working with banks on deep cyber-recovery options, arguing that lenders can no longer assume their defences are impe