Reuters: BoE co-chaired CMORG formally meets and states that UK financial services industry 'is prepared' for Mythos-class frontier AI cyber risks
The Bank of England and UK Finance co-chaired Cross Market Operational Resilience Group met and issued a public statement that 'the financial services industry is prepared for these developments and emerging cyber risks more broadly, as well as the opportunities for growth and efficiency that they bring.' The group — which includes eight of the UK's largest banks, four financial infrastructure providers, two insurers and multiple regulators — agreed that firms must continue to focus on effective practices including AI-based cyber defence. The group will reconvene in early May with expanded industry participation.
The formal CMORG statement marks the UK financial sector's transition from monitored watch into a sector-wide public preparedness assessment, providing the clearest official signal yet that structured institutional response is under way on Mythos-class frontier AI.