Central banks and market participants are increasing the frequency of governance reviews to address risks posed by autonomous AI agents in the foreign exchange market. Daily turnover in this sector is estimated between $7.5 trillion and $9.6 trillion for the 2025-2026 period.
The Bank of England and the UK Financial Conduct Authority are evaluating the implementation of runtime governance and kill switches to manage AI-driven trading. Deputy Governor Sarah Breeden noted in June 2026 that market-wide guardrails are necessary to prevent issues like herd behavior and volatility spikes.
On October 15, 2026, the Financial Stability Board released a report outlining 12 practices for responsible AI deployment, aimed at G20 officials. The guidelines emphasize organization-wide governance, rigorous risk management throughout the AI lifecycle, and human oversight for high-risk applications.
The BIS Innovation Hub is conducting simulations to determine if market-wide circuit breakers are required to mitigate risks from autonomous systems. Meanwhile, UBS has adopted a risk-tiered governance structure for its AI operations, aligning its framework with the FX Global Code.
