Bank of England flags AI and market stability risks

The Financial Policy Committee has announced its latest policy conclusions from the 26 June 2026 meeting, including a maintained 2% UK countercyclical capital buffer and planned reforms to the leverage ratio framework.

• The FPC said it maintained the UK CCyB at 2%, and will work with the PRA and international authorities on capital buffer reform and a more releasable single buffer in stress.
• It also welcomed the Bank’s 22 June stablecoin policy statement, highlighted MMF resilience reforms, and warned that frontier AI is raising cyber and operational resilience risks.
• The meeting record notes that the FPC’s judgments will be reflected in the July 2026 Financial Stability Report and that further work on leverage ratio impacts will continue into Q3 2026.