Andrew Bailey Calls for Clampdown on ‘Downright Criminal’ Social Media Scams

BOE’s Bailey Berates Social Media Platforms for Allowing Fraud

Bank of England Governor Andrew Bailey urged social media companies to take greater responsibility for criminal activity on their platforms.

BoE's Andrew Bailey berates social media platforms over online fraud

Bank of England chief Andrew Bailey has demanded that social media giants clamp down on online scams as he lambasted 'downright criminal' activity on some platforms.

Andrew Bailey warns tech giants after deepfake scandal

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.

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 [...]