Australia

Cybersecurity

APRA Warns of 'Paradigm Shift' from Frontier AI, Quantum Threats

By Sanday Chongo Kabange | 25/06/2026

APRA official urges firms to urgently upgrade cyber practices, warning that new AI models present a 'paradigm shift' in risk and accelerate the threat of quantum computing.

Cybersecurity

Five Eyes Alliance Warns of Imminent AI Cyber Threat

By Sanday Chongo Kabange | 25/06/2026

The cybersecurity agencies of the 'Five Eyes' intelligence alliance say frontier AI will transform cyber risk in "months, not years", urging leaders to act.

Emerging Prudential Risks

Australian Regulators Flag Elevated Geopolitical and AI Cyber Risks

By Sanday Chongo Kabange | 25/06/2026

The Council of Financial Regulators has called for a 'step-change' in managing cyber and AI risks amid heightened geopolitical tensions.

Cryptocurrency

ASIC to Extend Crypto Licensing Deadline to September, Widen Scope

By Bradley Maclean | 24/06/2026

ASIC will extend the crypto licensing deadline to September, giving the industry more time before a compliance crackdown.

Conduct, Culture & Accountability

KPMG Australia Admits Client Data Leak Amid Calls for Tighter Regulation

By Sanday Chongo Kabange | 23/06/2026

The firm has admitted to leaking confidential client data as ASIC calls the scandal an "egregious breach of trust".

Custody & Infrastructure

ASIC Grants Financial Services Licence to OSL Group

By Editors | 22/06/2026

The Hong Kong-listed digital asset firm has been granted an AFSL by ASIC, authorising it to provide services to wholesale clients.

Reporting & Disclosures

ASIC Extends Licensing Relief for ESG Second Party Opinion Providers

By Editors | 22/06/2026

ASIC will not require certain ESG opinion providers to be licensed for another two years, citing upcoming climate rules.

Payments & Settlements

RBA Demands Faster Implementation of Governance Enhancements for RITS

By Sanday Chongo Kabange | 22/06/2026

Australia’s high-value payment system faces scrutiny over governance and risk management, with the central bank highlighting slow progress on key reforms.

Fraud, Scams & Cybercrime

New ASIC Chair Warns Banks on Systemic Failures, Scams and AI Governance

By Sanday Chongo Kabange | 22/06/2026

New ASIC Chair Sarah Court has warned banks against 'bungling the basics' while outlining key enforcement priorities including scams, financial hardship and AI governance.