Banking ‘boldy’: Polycrises, AI fears and Bohemian Rhapsody at the ABA’s annual event
Bank bosses and regulators were keen to warn that multiple threats are escalating in an increasingly chaotic world. But a series of mishaps saw their message disrupted.
Opening the Australian Banking Association (ABA) tentpole event in Melbourne on Wednesday, ANZ chief executive Nuno Matos warned that growing social division, wealth inequality, concerns over living standards and technological change demanded a distinctly different response.
“Australia needs to take a more entrepreneurial approach to be less risk averse if we want to succeed in this new world order,” Matos said.
It doesn’t bode well then, that attempts by hosts to elicit something, anything resembling a question from the audience after each panel were repeatedly met with crickets.
The ABA tried to show banking as a major force for good, but it came across more as an industry afraid of its own shadow.
