RBA warns financial industry to prepare for 'more shock-prone future' (opens original article in a new tab)

Australia's financial industry must prepare for increased geopolitical and cyber risks, with a focus on contingency planning and adapting to a more challenging risk environment.

• RBA official warns financial industry to prepare for a 'more shock-prone future' due to geopolitical risks and cyber threats.
• Financial institutions face increased risks from financial sanctions and the need for better contingency planning.
• Global financial order is changing with rising cyber risks and strategic competition in finance and technology.