Australian financial regulators urge action on frontier AI risks
( August 28, 2026, 03:52 GMT | Official Statement) -- MLex Summary: Australian financial regulators on Thursday urged financial institutions to move beyond awareness of frontier AI risks and strengthen their cyber and operational resilience. Following nine roundtables attended by more than 600 people, the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority called for tested incident-response plans, board-level crisis decisions, stronger cyber safeguards and closer industry collaboration. They warned that AI is accelerating cyberattacks and that reliance on common third-party providers could turn individual incidents into financial system-wide disruption.Statement follows. Joint publication attached. ...
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