BoE surveying lenders on quantum computing risks, deputy governor says
XLF•The Bank of England is surveying lenders on their preparedness for risks posed by quantum computing and will use the findings to help develop a financial-sector response.
1. Surveying lenders
Bank of England Deputy Governor Sarah Breeden said the central bank was surveying lenders on their preparedness for risks posed by quantum computing. It will use the findings to help develop a system-wide response for the financial sector.
2. Staying ahead
Citing rapid advances in artificial intelligence, Breeden said policymakers needed to stay ahead of developments in quantum technology. “We need to be ready and ahead of it on quantum,” she said at the Institute of International Finance annual meeting in Bangkok.
