According to CoinMeta, Andrew Bailey, Governor of the Bank of England, warned in a letter to G20 the Chancellor of the Exchequer and the central bank governors that advanced artificial intelligence models could trigger disordered corrections in the global financial markets. He pointed out that the so-called "cutting-edge AI models" are demonstrating increasingly complex autonomy and problem-solving capabilities, and their potential impact on cyber risks is the "most direct concern" for the financial system. Bailey emphasized that many jurisdictions have not yet established protocols to manage the development and deployment of advanced cutting-edge AI models, which increases risks in the financial sector and other areas.