Opinion
Stalled RBA governance board vital to manage AI’s threat to financial system
One of the authors of the Reserve Bank review says the sudden rise of artificial intelligence makes the need for the proposed dual-board structure even more urgent.
Renee Fry-McKibbinContributorI was appointed to the panel to review the Reserve Bank of Australia. Before starting the review, I did not think I would favour changing the board structure of the RBA, but I changed my mind after our consultations within and outside of the RBA.
Most media focus has been on the composition and nature of the proposed monetary policy board, which is natural given the effect board decisions have on the public. However, the broader debate overlooks the critical importance of the proposed governance board.
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