Governance · Australia

ASIC signals closer scrutiny of AI in financial services

Published on NORMIX: 2026-10-26 · NORMIX

ASIC has signalled closer attention to AI use affecting customers and decisions in the coming year.

ASIC’s Chair emphasised that existing responsibilities remain relevant as firms adopt AI. Human oversight, safety and resilience matter when systems influence customer outcomes.

NORMIX practical check: identify the accountable decision-maker, supplier dependencies, validation evidence and escalation route for each customer-facing use. Record which existing obligations actually apply. This speech is a statement of regulatory focus, not an APRA rule or a newly commenced AI Act.