CoinVoice has learned that the Governor of the Bank of England, Bailey, stated on Monday that he and other agencies responsible for regulating the financial services industry should utilize artificial intelligence to help identify issues within the companies they oversee. He pointed out that the central bank and other regulatory bodies have collected vast amounts of data, but "I believe no one can confidently say we are optimally utilizing this data... this also poses risks to regulators: you have the evidence but fail to use it, only to find out later that there were already 'key clues' in your system." Bailey reiterated that he believes calls to reduce financial regulation should not lead to the financial services industry returning to high-risk behaviors that could jeopardize the broader economy. [Original link]