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Risk Management
APRA’s Corporate Plan Reinforces the Focus on AI Governance
The wrong response to increasing AI risk is to stop people using AI.
That does not remove the risk. It often pushes AI use underground,...
Artificial Intelligence (AI)
Why AI Risk Management Must Address Vendor Change Controls to Prevent Operational Disruption
Microsoft Azure AI Foundry and Amazon Bedrock show how model retirement can shorten notice periods, stop requests and require code changes. The EU's DORA framework shows why notification, objection and exit rights must connect to a tested operational response.
Artificial Intelligence (AI)
AI Risk Management Enables Success
The Digital Transformation Agency’s Microsoft 365 Copilot trial shows how a bounded experiment can produce evidence about benefits and limitations. OECD adoption research and UK Government assurance guidance point to an operating model that helps organisations test, scale or stop AI responsibly.
Risk Management
Regulators continuous focus on delivering effective risk management
APRA’s licence conditions followed Deloitte findings of longstanding and pervasive non-financial risk weaknesses at Bendigo and Adelaide Bank. Bendigo Bank has announced a three-year, $70 million rectification program, while APRA retains a $50 million operational-risk capital add-on and requires independent assurance and board attestation.
Artificial Intelligence (AI)
Why AI Risk Management Must Focus on Third-Party Evidence Verification, Not Vendor Promises
The Australian Cyber Security Centre's procurement and AI supply-chain guidance shows why vendor assurance must be refreshed when services change. OAIC guidance adds a clear requirement for organisations to conduct privacy due diligence on commercially available AI products.
Artificial Intelligence (AI)
Turning AI Risk Assessments from Roadblocks into Business Accelerators
The FCA's 2026 AI Live Testing cohort and Supercharged Sandbox show how Barclays, Experian, Lloyds Banking Group, UBS and other firms are building evidence through controlled testing. NIST's tailorable AI RMF Playbook provides a practical basis for proportionate triage.
Artificial Intelligence (AI)
AI Risk Management Must Anchor on Clear Business Accountability from Day One
The Air Canada chatbot decision shows why organisations remain responsible for automated outcomes. The AICD and Human Technology Institute's 2026 Director's Guide adds practical board questions for assigning AI decision rights and oversight.
Risk Management
The Hidden Cost of Poor Transparency in Insurance
ASIC's 2026 Report 838 shows that 31% of consumers who contacted their insurer obtained a lower renewal premium without changing cover. AFCA's complaint data adds a practical signal for boards testing car-insurance pricing and renewal transparency.
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