ASIC unveils key issues outlook 2026, covering AI

The Australian Securities and Investments Commission (ASIC) has identified key issues for 2026, focusing on increased retail exposure to private credit markets, operational failures by superannuation fund trustees, consumer losses from high-risk investments due to aggressive marketing and inadequate financial advice, risks from advanced technologies including AI-driven decisions and scams, cyber-attacks undermining market confidence, regulatory gaps concerning emerging financial sector participants (digital assets, payments, users of AI) and others on the regulatory perimeter, poor insurance claims handling post-extreme weather events, potential failures in the CHESS replacement project affecting market stability, subpar financial and sustainability reporting, and heightened risk appetites in the banking sector leading to consumer harm.

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