Evidence of How Electronic Reporting and Automated Auditing Affects Regulatory Compliance and Environmental Performance

Letter Connor Axiotes is right to draw attention to the seriousness of frontier AI and its potential impact on the risk of cyber attacks (‘Humanity is no longer in control of its most awesome creation since the atom bomb’). But his assertion about the Bank of England’s cyber defences being unsophisticated is totally wrong, unfounded…

IBM CEO Arvind Krishna looks on during a roundtable discussion hosted by President Donald Trump in the Roosevelt Room at the White House in Washington, Dec. 10, 2025. Alex Wong | Getty Images IBM CEO Arvind Krishna said that only 2% of his company’s software could be replaced with applications constructed by artificial intelligence models,…

For valuable comments, we thank Nick Roussanov, Timothy McDade, and participants at the Pension Research Council Symposium. All errors are our own. The views are those of the authors and not necessarily those of the Bank for International Settlements or its member institutions. The views expressed herein are those of the authors and do not…

Is US Secretary of State Marco Rubio an embattled champion of Venezuelan democracy within the Trump administration, or the public face of a strategy aimed at keeping the old regime in power? Six months after Nicolás Maduro’s ouster, his record suggests democratic restoration is no longer an American priority—if it ever was. CAMBRIDGE—On the classic…

We thank Yan Bai (discussant), Luigi Bocola, Joao Gomes, Christian Hellwig, Priit Jeenas (discussant), Urban Jermann, Sebnem Kalemli-Ozcan, Patrick Kehoe, Daniel Xu, and EAGLS, as well as participants at the Bank of Canada, Boston University, Carnegie Mellon University, Columbia University, Cornell University, Duke University, EIEF, the Federal Reserve Board, the Federal Reserve Banks of Chicago,…