Bank of England Governor Bailey has issued a warning to the G20. The most urgent concern for the financial system is the cyber risk posed by cutting-edge AI. Its impact could undermine the stability of the entire global financial system. I also believe Japan’s system is in serious trouble, because Japanese financial institutions still rely on legacy systems that have been in use for decades. Moving forward, we must simultaneously maintain and modernize existing financial systems while defending against cyberattacks in this new AI era. AI risks are not limited to cryptocurrencies. In fact, the less-talked-about financial sectors often offer greater security and higher market trust for users. That’s why I urge immediate action.