Source: The Next Web
ASIC's public monitoring of Mythos signals a shift in financial regulation: from private talks with AI labs to visible, coordinated oversight. When an AI system influences capital allocation, liquidity decisions, or credit assessment across institutions, regulatory capture and model failure become prudential problems, not vendor management issues. The public stance also creates precedent pressure. Once one regulator names a system as worth watching, competitive dynamics push others to follow—or face political exposure if something breaks.