AI model risk
Artificial Intelligence (AI)
Managing AI Model Risk Beyond Traditional Frameworks: A New Approach for Business Leaders
This piece looks at the questions Australian business and risk leaders should be asking before their own AI model drifts
Artificial Intelligence (AI)
Why AI Risk Management Must Move Beyond Traditional Model Risk Frameworks
APRA and ASIC both issued 2026 letters to industry warning that AI governance hasn't kept pace with adoption, flagging vendor concentration risk and director accountability gaps. ASIC's enforcement action against FIIG shows what inadequate controls cost in practice. This post sets out what to ask your organisation before a regulator asks first.