UK lawmakers are raising alarms over their financial regulators' passive stance on AI-related risks. The group argues that without proper stress-testing frameworks, the current approach exposes both the public and the broader economy to potential "serious harm." Right now, regulators seem content to watch and wait—but that's exactly the problem. AI systems are moving faster than oversight can keep up. Banks and financial institutions increasingly rely on machine learning for trading, risk assessment, and customer operations. If these systems fail or malfunction during market stress, the fallout could ripple across the entire financial system. The lawmakers want regulators to get ahead of the curve by implementing structured risk assessments before problems emerge. This isn't just theoretical—other jurisdictions are already moving forward with AI governance frameworks. The question isn't whether regulators will act, but whether they'll act in time.