Research Fixed Income
News, Events, & Reports

Print.

Print

Small font size A Larger text size A Largest text size A

ECB to warn bankers about new Anthropic model risks, source says

BY Reuters | ECONOMIC | 11:19 AM EDT

FRANKFURT, April 15 (Reuters) - European Central Bank supervisors are set to warn bankers about the risks posed by Anthropic's new artificial intelligence model that might supercharge cyberattacks, one source familiar with the situation told Reuters.

Anthropic's Mythos is seen by cybersecurity experts as ?posing significant challenges to the banking industry and its legacy technology systems, raising alarm bells among regulators in Britain and the United States.

ECB supervisors are gathering information about the model, with a view to discussing this new possible source of risk with banks on their watch, said the source who spoke on condition of anonymity because they are not authorised to comment publicly on the matter.

Unlike in the U.S., this will be done via the ECB's regular dialogue with bank staff and no ad-hoc meeting with top management has been scheduled yet.

An ECB spokesperson declined to comment.

(Reporting by Francesco Canepa; Editing by Emelia Sithole-Matarise)

More Fixed Income News

Morgan Stanley Still Sees Bank of Canada's First Rate Hike in Q1 2027 BY MT Newswires |ECONOMIC 12:31 PM EDT
ECB policymakers see little evidence for now for April hike, sources say BY Reuters |ECONOMIC 12:29 PM EDT
Canada Preserves Fiscal Edge Despite Move to Protect Economy, Says National Bank BY MT Newswires |ECONOMIC 12:26 PM EDT
TREASURIES-US bonds dip, pare earlier gains on geopolitical caution BY Reuters |TREASURY 12:22 PM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.

fir_news_article