Financial regulators flag AI as major system-wide risk to markets
New Zealand's financial regulator says artificial intelligence adoption poses significant risks to market stability and cybersecurity.
The Reserve Bank Governor, speaking for the Council of Financial Regulators, told Parliament that artificial intelligence represents one of the greatest system-wide issues facing New Zealand's financial markets. The core concerns centre on the widespread adoption of AI technology across all entities and the heightened cybersecurity risks that accompany it.
Covered byBusinessDeskNot covered byRNZStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe Spinoffinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
BusinessDesk
Regulators see AI as a system-wide financial markets issue
One of the greatest system-wide issues New Zealand’s financial markets are grappling with is the growing adoption of artificial intelligence, according to representatives of the Council of Financial Regulators. Reserve Bank of NZ (RBNZ) Governor Anna Breman , speaking for…