Search results for Christine Lagarde
AI & Enterprise
Central banks warn of financial risks from agentic AI
European central banks and financial regulators warned that agentic artificial intelligence could increase volatility during periods of financial market stress and urged safeguards. They also said existing regulatory frameworks struggle to keep pace with rapid advances in AI. Bank of England Deputy Governor Sarah Breeden raised the need for mechanisms to limit or halt trading if flawed models trigger a market collapse. European Central Bank President Christine Lagarde cited growing cyber and data risks.
Crypto
Gold share in central bank reserves overtakes U.S. Treasuries for first time
Gold has overtaken U.S. Treasuries in global central bank reserve assets for the first time, the European Central Bank said. As of end-2025, gold accounted for 27 percent of reserves, exceeding the 22 percent share of U.S. government and Treasury bonds. Gold’s share rose from 20 percent a year earlier, while U.S. Treasuries fell from 25 percent. The ECB cited geopolitics and sanctions risks as key drivers.
Crypto
ECB warns stablecoin spread could trigger bank runs, undermine monetary policy, urges faster digital euro
The European Central Bank warned that the spread of stablecoins could undermine financial stability and reinforce a U.S. dollar-centred international monetary order. It reiterated that central bank-issued or -backed digital currency infrastructure should take priority over private stablecoins. ECB board member Isabel Schnabel said stablecoins could weaken bank intermediation, trigger bank runs and impair monetary policy transmission, while raising concerns over monetary sovereignty. The ECB is pursuing a digital euro and a wholesale tokenised central bank currency.
