New Zealand financial watchdogs flag AI cyberthreats, concentration risks
( October 16, 2026, 00:23 GMT | Official Statement) -- MLex Summary: New Zealand’s financial regulators outlined expectations on Thursday for financial institutions to manage cyber risks associated with frontier AI, building on existing regulatory obligations. The Reserve Bank of New Zealand and Financial Markets Authority identified increased cyberthreats, governance challenges and growing third-party and concentration risks as priorities. They said boards and senior managers must understand where AI is used, assign clear accountability and maintain effective cybersecurity controls and operational resilience.Statement follows. Speech attached. ...
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