Jun 24, 2026 – 8.00pmThe banking regulator says the Trump administration’s decision to shut off global access to Anthropic’s most powerful artificial intelligence model has created significant risks for Australia’s major banks, and it wants the biggest lenders to share access to their most sophisticated cybersecurity tools with smaller rivals to ensure broad defences across the economy.In the agency’s second major speech on AI-powered cyber threats in as many weeks, Australian Prudential Regulation Authority executive board member Therese McCarthy Hockey said there was no doubt that Australia was “entering a dangerous period in the AI revolution”.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
APRA says Australia ‘entering a dangerous period’ in AI revolution
The Trump administration’s restriction of access to Anthropic models creates a “sovereign access risk” for the country’s big banks, says the banking regulator.
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