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