Australian superannuation funds may soon be able to invest in riskier assets like startups and venture capital funds, under rule changes being considered by the federal government. A Treasury...
Australia’s financial system regulator said on Thursday the country’s banks were not keeping pace with AI industry developments, warning frontier AI systems such as Anthropic’s Mythos had the potential...
Government moves to beef up the security of Australia’s critical national infrastructure (CNI), set out in the Security Legislation Amendment (Critical Infrastructure) Bill 2020 and introduced into Federal Parliament...
The prudential regulator’s decision to stop issuing new banking licences for at least six months will “stifle innovation” and cripple FinTechs, according to FinTech Australia. The Australian Prudential Regulation...
Banks and other incumbent financial service providers putting themselves at risk by neglecting investment in their legacy business systems amid pressure to avoid being disrupted by smaller, more agile...