PERSPECTA

News from every angle

Back to headlines

Singapore and BIS Warn of AI Boom Risks to Financial Stability and Inflation

Singapore's central bank (MAS) and the Bank for International Settlements (BIS) have issued warnings about the potential risks of the artificial intelligence (AI) boom, including its impact on financial stability, inflation signals, and the global economy if the boom falters. MAS has also formed a task force to prepare defenses against major AI and quantum computing risks to financial institutions.

28 Jul, 09:30 — 28 Jul, 16:53
PostShare

The Story

Analyzing sources…

Source Diversity

Source Diversity

High (62/100)
5 sources33/33
Spectrum spread2/5 buckets covered8/33
Far L
Left
Center4
Center (4)
SCMPcyprus-mailFTbloomberg
Right1
Right (1)
channel-news-asia
Far R
Geographic diversity5 regions21/34
Singapore1Hong Kong1Cyprus1UK1US1

Sources

Showing 5 of 5 sources
bloombergHigh22h ago

Singapore’s MAS Flags AI Pullback as Threat to Global Markets

Singapore’s central bank warned that uncertainty over sustaining massive AI investments is a key risk for global growth and financial markets, citing this along with the threat of a prolonged re-escalation of the war in the Middle East.

By Chanyaporn Chanjaroen and Srinidhi Ragavendran

Read full article →
FTVery High22h ago

Singapore warns of economic risks if global AI boom falters

Central bank in city-state says AI models and quantum computing pose cyber security threats

Read full article →
SCMPMostly Factual17h ago

Singapore growth to hold firm but AI boom a ‘major uncertainty’: central bank

Singapore’s economic growth should remain firm in the second half of 2026 although a major uncertainty is the sustainability of the AI investment boom, the head of its central bank said on Tuesday. Monetary Authority of Singapore (MAS) Managing Director Chia Der Jiun, speaking at the release ‌of the central bank’s annual report, said the Middle East conflict also posed risks, but for now global AI-related demand was “likely to continue to provide a meaningful boost” to the city state while ot...

By Reuters

Read full article →
cyprus-mail19h ago

Cyprus financial stability risks remain elevated despite resilience, warns CBC

The Central Bank of Cyprus (CBC) on Tuesday published its 2025 Financial Stability Report, warning that although Cyprus’ financial system remains resilient, elevated geopolitical tensions, global uncertainty and emerging risks continue to pose significant challenges to financial stability. The annual report sets out the central bank’s assessment of the developments and risks affecting financial stability […]

Read full article →
channel-news-asiaMostly Factual15h ago

BIS says AI boom risks clouding central banks' inflation signals

Read full article →