Andrew Bailey calls for clampdown on ‘downright criminal’ social media scams

Read the original at Evening Standard ↗
Cite

Saker-Clark, H. (2026, October 15). Andrew Bailey calls for clampdown on ‘downright criminal’ social media scams. Evening Standard. https://www.standard.co.uk/business/business-news/andrew-bailey-bank-of-england-bangkok-british-international-monetary-fund-b1300873.html

Dated from the outlet's own feed. Check the original for its byline.

Evening Standard · collected 2026-10-15 · by Henry Saker-Clark

Quick Summary

Andrew Bailey, Governor of the Bank of England, has criticized social media platforms for not doing enough to combat scams and criminal activity. He claims to have been targeted by AI-generated deepfakes on X (formerly Twitter). Bailey argues that these companies should take greater responsibility for content posted on their sites, especially concerning fraudulent investment schemes linked to fake news articles.
Written locally by qwen2.5:14b on 2026-10-15, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

Andrew Bailey, Governor of the Bank of England, criticized social media companies during an event at the International Monetary Fund (IMF) meetings in Bangkok on October 14, 2026. He demanded more accountability from tech firms for misleading and fraudulent content on their platforms, calling it "downright criminal." Bailey noted that while traditional newspapers are legally responsible for everything they publish, social media companies face no real liability despite the widespread presence of harmful content. He highlighted his own experience with deepfake images posted on Elon Musk’s X platform showing him in confrontations, which he said were designed to exploit the public and link to fake news articles encouraging visitors to sign up for fraudulent investment schemes.

Written for “Andrew Bailey Criticizes Social Media Scams” on 2026-10-15, grounded in this article and the 1 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted verbatim and was checked against the article text before being stored, so you can find it in the original.
Reading Leans strongly right (beta estimate) Confidence high
Leaning: leans strongly right for article 81857 (high confidence, 1 verified quote) · logged 2026-10-15

Story

📰 Andrew Bailey Criticizes Social Media Scams
Politics · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads leans strongly right and hedges 0% of its claims. Each row says how that neighbour differs.
'Good, bad, incredibly ugly, downright criminal and terrible': Andrew Bailey berates social media platforms over fraud on their sites same event · 95%
Daily Mail · 0.86 cosine similarity
⚖️ leaning not scored 🔴 7% hedged 2 of 28 📰 publisher trust 64
“Both articles describe Andrew Bailey's criticism of social media platforms over fraudulent activities on their sites, specifically mentioning similar language and concerns about responsibility.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
12
sentences that state something as happening or true
Uncertain
0%
0 of 12 hedged ("reportedly", "may", "according to")
Leaning
Leans strongly right
of the writing, not the subject · beta estimate
Publisher signals
67/100
Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-15 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

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Who wrote this

Henry Saker-Clark
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Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 67 articles by Henry Saker-Clark →

Topics

Bank the Bank of England

Subjects

Bailey PERSON · 2× Andrew Bailey PERSON · 1× Bank ORG · 1× Elon Musk’s PERSON · 1× Nigel Farage PERSON · 1× the Bank of England ORG · 1×

Narrative

Earlier this year, the Bank reported the adverts, which it said were designed to “exploit the public”, with a number of these linking to fake news articles encouraging visitors to sign up to investment schemes.
framing: assertive · carried by 1 article(s) · first seen 2026-10-15
2026-10-15 · Evening Standard
Andrew Bailey calls for clampdown on ‘downright criminal’ social media scams · assertive framing

Claims (12 extracted, 0 hedged)

Andrew Bailey calls for clampdown on ‘downright criminal’ social media scams asserted
Bailey → call → scams
The Governor of the Bank of England has called on social media companies to help address “downright criminal” activity on their platforms. asserted
Governor → call → platforms
Mr Bailey has himself been the target of a number of AI-deepfakes on platforms such as Elon Musk’s X, which have pictured him fighting Nigel Farage among other scenarios. asserted
him → picture → scenarios
Earlier this year, the Bank reported the adverts, which it said were designed to “exploit the public”, with a number of these linking to fake news articles encouraging visitors to sign up to investment schemes. asserted
number → report → schemes
On Wednesday, Mr Bailey indicated there should be more accountability from social media firms. asserted
Bailey → indicate → firms
He said: “We’ve moved into quite an extreme position of, well, these platforms are open to everybody and there’s no real liability to the provision of the platform to what’s on it. asserted
what → say → it
Everything’s on it. asserted
Everything → ’ → it
You know, the good, the bad and the incredibly ugly and downright criminal and terrible.” asserted
You → know → ?
“I don’t go around pointing the finger at people and saying: ‘You’re bad.’ asserted
You → go → people
What I have said is: ‘Look, there is responsibility all around.’ asserted
said → say → What
“And we need to evolve to a world where everybody understands this responsibility, and everybody is then a part of addressing the problem. asserted
everybody → need → problem
“We must get the social media companies involved because a lot of this fraud is transmitted through those channels.” asserted
lot → get → channels
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