Bank of England Governor Andrew Bailey has urged financial regulators to leverage artificial intelligence to better identify and address issues within the firms they oversee. Speaking on Monday, Bailey emphasized the need for significant investment in data science and related technologies, highlighting that while regulators collect extensive data, it is not being utilized optimally. He warned that failing to use available evidence could lead to missed 'critical clues' in regulatory oversight. Bailey also reiterated his stance against reducing financial regulations, cautioning that such actions could lead the financial services industry back to risky practices that threaten the broader economy. His comments underscore the importance of maintaining robust regulatory frameworks while enhancing them with advanced technological tools.