BoE's Bailey: AI regulation should focus on testing, not new rules

Bank of England Governor Andrew Bailey stated that regulating AI is 'not the right place to start,' advocating instead for rigorous testing and safeguards to manage risks. This signals a cautious, incremental approach to AI oversight in the UK, potentially diverging from more prescriptive regulatory frameworks elsewhere. The statement is notable as a senior central banker weighs in on AI policy, but it does not represent a concrete policy change.