In his keynote address at the ABA Banking Conference in Sydney, ASIC chair Joe Longo said that (1) ASIC “won’t hold back customer-centric AI innovation but cutting-edge technology can’t leave your customers bleeding”; and (2) ASIC is “rushing to more AI regulation but acknowledge more regulation may be needed in future. In the meantime, regulators will need to be bolder and more imaginative with how we use our existing powers”.
Click here for the official article/release
Disclaimer
The Legal Wire takes all necessary precautions to ensure that the materials, information, and documents on its website, including but not limited to articles, newsletters, reports, and blogs (“Materials”), are accurate and complete. Nevertheless, these Materials are intended solely for general informational purposes and do not constitute legal advice. They may not necessarily reflect the current laws or regulations. The Materials should not be interpreted as legal advice on any specific matter. Furthermore, the content and interpretation of the Materials and the laws discussed within are subject to change.
