The landscape of governance is rapidly evolving, driven by unprecedented technological advancements. At the forefront of this transformation is the United Arab Emirates, which is undertaking a truly radical initiative: leveraging Artificial Intelligence to assist in drafting and reviewing the natio...
For C-suite executives and senior leaders navigating the transformative power of Artificial Intelligence, understanding the global landscape is paramount. The European Union has boldly announced its ambition to become a leading force in AI through the comprehensive AI Continent Action Plan. This is...
ASIC's review of 23 financial services and credit licensees revealed a "rapid acceleration" in AI adoption, accompanied by a shift towards "more complex and opaque" AI techniques. While licensees generally adopted a cautious approach to AI deployment, ASIC identified significant...
The rapid proliferation of Artificial Intelligence (AI) presents unprecedented opportunities and challenges for organizations across all sectors. Ensuring the safe, secure, and ethical development and deployment of AI is not merely a technical concern but a critical strategic imperative. This brief...
Artificial intelligence is rapidly transforming capital markets, presenting both significant opportunities and critical challenges that demand executive attention.
Recent advancements, particularly in large language models (LLMs) and generative AI, have expanded AI applications beyond traditional ar...
In this Newsletter we provide a comprehensive overview of the Australian Government's Artificial Intelligence (AI) Transparency Statement initiative. This mandatory requirement for Non-Corporate Commonwealth Entities (NCEs) marks a significant step towards fostering public trust and ensuring the re...
Adaptive governance is crucial for the responsible development and deployment of generative AI. Generative AI's rapid evolution, broad scope, and capacity to augment human capabilities present unique governance challenges. Unlike traditional, static approaches, adaptive governance emphasizes flexibi...
Significant Financial Institutions (SFIs) face increasing complexity in meeting CPS 230 operational risk management and business continuity requirements. AI-driven technologies can streamline compliance by enhancing risk assessment, monitoring, and automation. Here’s how AI can support SFIs in align...
When it comes to AI adoption, even government agencies struggle to get it right. The Australian Taxation Office (ATO), a heavyweight in the public sector, recently found itself under the scrutiny of the Australian National Audit Office (ANAO) for its AI governance—or lack thereof. The findings? A mi...
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