Andrew Bailey calls for clampdown on ‘downright criminal’ social media scams

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Evening Standard

Andrew Bailey calls for clampdown on ‘downright criminal’ social media scams

Andrew Bailey, head of the British central bank, told an audience in Bangkok that there has been ‘no real liability’ for some social media firms.

14 Oct, 16:22

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City AM

Bailey demands crackdown on ‘downright criminal’ social media fraud

Bank of England governor Andrew Bailey has called on social media giants to take greater responsibility for online fraud, warning that the spread of scams and AI-generated content risks undermining trust in the financial system. Speaking at the International Monetary Fund’s annual meetings in Bangkok on Wednesday, Bailey criticised tech platforms for facing little accountability [...]