For the purposes of this debate: Systemically important institutions are very large financial companies, such as major banks or insurers, whose failure could seriously damage the wider economy. Frontier artificial intelligence refers to the most advanced general-purpose AI systems, and frontier AI providers are the companies that develop or operate them. Financial exposure means situations where these financial institutions could lose significant amounts of money if an AI company fails or loses value, such as through loans, investments, or insurance. This does not include simply using AI tools or services in everyday business, like chatbots or software.